Boeing is reporting a $355 million loss for the first quarter.
FILE - Boeing 737 Max airplanes, including one belonging to TUI Group, left, sit parked at a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle. Boeing reports earnings on Wednesday, April 24, 2024. Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
Now those crashes are back in the spotlight, too. Later Wednesday, families of some of the 346 people killed in the crashes are scheduled to meet with U.S. Justice Department officials. Family members have tried unsuccessfully to undo a 2021 settlement between the department and Boeing that let the company avoid criminal prosecution.
“Near term, yes, we are in a tough moment,” he wrote. “Lower deliveries can be difficult for our customers and for our financials. But safety and quality must and will come above all else.” Richard Aboulafia, a longtime industry analyst and consultant at AeroDynamic Advisory, said despite all the setbacks Boeing still has a powerful mix of products in high demand, technology and people.
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