at Boeing's airline customers and hurt demand for new planes. Boeing was in crisis before the coronavirus spread around the world because of the fallout from two fatal crashes of its 737 Max that claimed 346 lives.
Boeing's defense unit proved more resilient than its commercial business, bringing in $6.6 billion, roughly flat on the year. For the quarter ended June 30, Boeing's net loss narrowed to $2.40 billion, or $4.20 per share, from $2.94 billion, or $5.21 per share, a year earlier, when it posted a nearly $5 billion charge on its beleaguered 737 Max program.
On an adjusted basis, Boeing lost $4.79 per share, compared with a $2.54 per-share loss Wall Street estimated. Boeing's shares were up 1.2% in premarket trading. But the stock is trading at roughly half its value from a year ago. Regulators aren't expected to clear the 737 Max to fly again before the fall.and scarce new orders new Boeing jetliners this year, meaning less cash for manufacturers and suppliers.
Source: Holiday News (holidaynews.net)
Boeing was sabotaged by chip makers for the 757?
theProgSoapbox Socialism for Boeing; evictions notices for the rest.
Boeing needs to find a way to bring back the 747 in a form that makes it competitive with other modern airplanes.
If you don't sell planes that fall out of the sky then you shouldn't have trouble staying in business... 🤷
That's capitalism. Maybe smarter, better run companies will take the place of the failures.
Maybe they should have treated their customers better. Maybe they should have run their businesses better.🤷♂️
“HOPES...” !!? NOPE!! propublica reveal AP MSNBC SRuhle latimes ProjectLincoln votevets AP
Yes, explain to me how the price is still at this level.
SquawkStreet Don’t worry about Boeing just by GE handover fist the stock will be a triple !!!
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