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.
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. 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.
Calhoun ticked off a series of actions the company is taking and reported “significant progress” in improving manufacturing quality, much of it by slowing down production, which means fewer planes for its airline customers. door-plug blowout. The Federal Aviation Administration has stepped up its oversight and given Boeing until late May to produce a plan to fix its problems. Airline customers are unhappy about not getting all the new planes that they had ordered because of delivery disruptions.Along with Airbus, Boeing forms one-half of a duopoly that dominates the manufacturing of large passenger planes. And it is a major defense contractor for the Pentagon and governments around the world.
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