Boeing lost $425 million in the first quarter — more than Wall Street expected — but said Wednesday that it plans to boost production of its best-selling plane, the 737 Max, later this year. FOX13
Boeing, the American Manufacturer stand at the 53rd Paris Air Show 2019 in Le Bourget LBG airport near Paris, France. Boeing presented at the Air Show an 8 lift motors and one cruise propeller experimental electric Passenger Air Vehicle, a drone, a flost $425 million in the first quarter — more than Wall Street expected — but said Wednesday that it plans to boost production of its best-selling plane, the 737 Max, later this year.
Calhoun said again that Boeing will delay deliveries of some planes that airlines were expecting for the busy summer travel season. The delays are due to Analysts expressed some skepticism about Boeing's outlook while problems persist in its supply chain. Seth Seifman of JPMorgan wondered whether Boeing can increase 737 production given issues at Spirit.
Despite the setback, Boeing still hopes to hit its goal of delivering 400 to 450 Max jets this year. It delivered 111 in the first quarter.
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