Boeing reported first quarter core loss per share of $1.13, narrower than the $1.72 estimated, on revenue of $16.57 billion, which was above forecasts of $16.25 billion but an 8% decline from a year ago.
"Our first quarter results reflect the immediate actions we've taken to slow down 737 production to drive improvements in quality," Boeing president and CEO Dave Calhoun said in a statement. "We will take the time necessary to strengthen our quality and safety management systems and this work will position us for a stronger and more stable future."Early in 2024, Boeing suffered a high-profile door plug blowout.
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