Boeing reported a 2022 fourth quarter loss as elevated supply chain costs dragged down results despite a late-quarter uptick in plane deliveriesPersistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand.
The aviation giant, which has been beset in recent years with production problems and certification delays following the 737 MAX crashes, nevertheless finished 2022 with positive free cashflow for the first time since 2018 as it reaffirmed 2023 targets. "There are some big interests in aviation," Calhoun said. "I'd say the majority now are outside the US as opposed to inside the US and we're considering really big things.""Recessions don't seem to get in the way because remember, we're competing for deliveries out four and five years from now, so they're not really computing recession into that," he said.
In an interview with CNBC, Calhoun said suppliers have made progress in hiring more staff but are still working through the process to be able to increase output. Boeing has resumed deliveries of the 787 Dreamliner after a lengthy halt and confirmed it would increase production in 2023 from the current"low" level.
China was the last major market to clear the MAX to return to service after a global grounding following two fatal crashes.
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