... [+]Boeing doubled its estimate of the financial damage from the grounding of the 737 MAX to $18.4 billion as it reported a loss of $1.01 billion for the fourth quarter and $663 million for 2019. It’s the company’s first annual loss since 1997.
Boeing reported a 37% drop in sales to $17.9 billion in the quarter and a 24% drop to $76.6 billion for the full year. The U.S. Air Force has been withholding a portion of its payments for the troubled KC-46 tanker over quality problems, and the division booked a charge of $410 million in the quarter to account for a potential additional unmanned launch of its Starliner space vehicle, which was commissioned by NASA to ferry astronauts to the International Space Station. The program suffered an embarrassing setback in an unmanned test Dec.
😂😂
LeaFgomesrj Foda-se a Boeing.
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Boeing swings to annual loss as 737 MAX costs near $19 billionBoeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX cost... That tends to happen when your new model drops out of the fucking sky and kills lots of people. 😞 Maybe they’re employing the wrong engineers.
Source: Reuters - 🏆 2. / 97 Read more »
Boeing CEO says he's confident regulators will sign off on 737 Max by mid-yearBoeing's new CEO, David Calhoun, told CNBC on Wednesday that he's confident that regulators will permit the 737 Max to return to service by the middle of 2020. I wish it could have been clarified in the interview WHY his “stomach turned”...because employees were legitimately concerned about the safety of the new plane or because he was worried about the PR issues the tone of the messages would cause. There was something very telling about his answer to BeckyQuick about when he knew about the IMs. I read body language and his was 'hiding'. He was scared in this interview. One thing about Muilenberg - he never looked scared
Source: CNBC - 🏆 12. / 72 Read more »
Boeing posts first annual loss in 22 years because of the 737 Max crisisBoeing reported its first annual loss since 1997 as the cost of the 737 Max crisis continued to climb. Over 300 people are dead. Boeing should put the 737 Max out to pasture as a very costly mistake Turbulent times boeing737max Boeing screw them and their lost!!! People lives lost, family shattered, and they want to talk about a stupid human made form of exchange. if only I could, I’d thanos everyone that put money first before human!
Source: cnnbrk - 🏆 393. / 55 Read more »
'My stomach turned' — Boeing CEO outraged by internal 737 Max messages before deadly crashesBoeing CEO David Calhoun said the messages released earlier this month, in which employees boasted about bullying regulators, were 'unacceptable.' Boeing, earlier this month, said the messages “do not reflect the company we are and need to be, and they are completely unacceptable.” - Since employees make up a company, it is what it is - company with no ethics and should be banned from making aeroplanes
Source: CNBC - 🏆 12. / 72 Read more »
AT&T Loses 1.16M Streaming, Pay TV Subs, HBO Max Hits WarnerMedia EarningsAT&T lost 219,000 subscribers at its AT&T TV Now streaming service and 945,00 premium TV subscribers in the fourth quarter. WarnerMedia's earnings were hit by investment and foregone revenue tied to upcoming streamer HBO Max. but what is the cause of such a huge amount of subscriber loss I canceled my AT&T when my bill went up and a few channels I watch were taken away
Source: THR - 🏆 411. / 53 Read more »