Boeing: to issue new financial guidance with 737 MAX woes
(CercleFinance.com) - Boeing said on Wednesday that it will issue new 2019 financial guidance "at a future date," depending on the timing surrounding return to service of its troubled 737 MAX planes.
In its quarterly report, Boeing said it is making "steady progress" on the path to final certification for a software update for the 737 MAX.
The company is working with regulators and airlines to test the software and finalize a package of training and educational resources after the recent crashes of two Lion Air and Ethiopian 737 MAXs.
The first quarter's operating performance was highlighted by defence contract wins, strong commercial widebody performance and orders, and continued services growth, it said.
Boeing said it delivered 149 commercial airplanes in the first quarter, down from 184 a year earlier.
It reported quarterly net profit of 2.15 billion dollars, or 3.75 dollars per share, compared with 5.50 billion dollars, or 4.15 dollars per share, a year earlier.
Revenue fell 2% to 22.9 billion dollars.
Boeing shares, which are part of the Dow Jones Industrial Average index, were up 1.8% in pre-market trading today.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In its quarterly report, Boeing said it is making "steady progress" on the path to final certification for a software update for the 737 MAX.
The company is working with regulators and airlines to test the software and finalize a package of training and educational resources after the recent crashes of two Lion Air and Ethiopian 737 MAXs.
The first quarter's operating performance was highlighted by defence contract wins, strong commercial widebody performance and orders, and continued services growth, it said.
Boeing said it delivered 149 commercial airplanes in the first quarter, down from 184 a year earlier.
It reported quarterly net profit of 2.15 billion dollars, or 3.75 dollars per share, compared with 5.50 billion dollars, or 4.15 dollars per share, a year earlier.
Revenue fell 2% to 22.9 billion dollars.
Boeing shares, which are part of the Dow Jones Industrial Average index, were up 1.8% in pre-market trading today.
Copyright (c) 2019 CercleFinance.com. All rights reserved.