Boeing has lost $1 billion this year over the ongoing crisis with its 737 Max aircraft.
Boeing has reported no new orders for the aircraft and has cut production since it was grounded, but has vowed to make the plane"one of the safest airplanes ever to fly" when it is certified to fly again.Boeing's ongoing crisis with its 737 Max planes has already cost it $1 billion this year — and the company said it can't predict how much worse the financial impacts of the scandal could be.
Boeing said that its core profits fell 21% in the first three months of 2019 compared with the same period in 2018, and said that it was withdrawing its 2019 financial forecast because of increased uncertainty about the plane.
SAI Yea and also people died
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Buy any Boeing pullback in first earnings since 737 Max crisis, market watcher saysWall Street is about to get its first glimpse at how Boeing has weathered its 737 Max crisis. Overlook any near-term weakness, says Mark Tepper.
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Boeing's stock swings higher after Q1 results, which include $1 billion increased cost for 737 businessBoeing Co.'s commercial airplanes business suffered first-quarter declines in profit, revenue and margin in the wake of groundings of its 737 MAX planes... $BA is not a stock which could grow.. Beautiful! 'Boeing's stock has gained 4.4% over the past three months through Tuesday, while the Dow Jones Industrial AverageDJIA+0.55% has gained 8.6%...'
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Boeing earnings expected before the bell as market looks for 737 Max newsBoeing's first-quarter earnings report is expected before the market opens on Wednesday.
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