Boeing posts $355 million loss in Q1 after series of company crises

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'We are in a tough moment,' Boeing CEO David Calhoun said as the company announced a $355 million loss in 2024's Q1.

Boeing CEO Dave Calhoun is departing a meeting with Senator Tammy Duckworth in the Hart Senate Office Building, on Capitol Hill in Washington, D.C., on January 25, 2024.

Since the Alaska Airlines door-plug blowout incident, Boeing’s stock has fallen by approximately one-third in value. The Federal Aviation Administration has stepped up its oversight and given Boeing until late May to produce a plan to fix its problems. Additionally, airline customers remain without their full orders of new planes because of delivery disruptions. A production slowdown of the 737 MAX is a key factor in the first-quarter financial losses. The company delivered a total of 83 jets in the quarter, down 36% from last year.“Lower deliveries can be difficult for our customers and for our financials,” Calhoun said. “But safety and quality must and will come above all else.

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