Boeing’s Earnings Take a Hit as Trade Fights Hurt Wide-Body Sales

By Doug Cameron Updated Oct. 23, 2019 9:55 am ET Boeing Co. BA 3.70% said its profits more than halved in the latest quarter and plans to cut production of its 787 Dreamliner jet next year, but still expects the 737 MAX to return to service by the end of the year.

Trade tensions and tariffs have this year slowed the growth in passengers that’s underpinned huge jet orders for Boeing and Airbus SE over the past decade. Boeing also has pushed back the planned entry into service of its larger 777X jetliner into 2021 after problems with its General Electric Co. engines ruled out a planned first flight this year.

Sales fell 21% to $20 billion. Boeing handed over just 63 jetliners in the September quarter compared with 190 in the same period last year, with analysts estimating it is piled up around 350 undelivered MAX jets, as well as the 380 grounded in March.

And the CEO will get a BIG bonus.

Gooood luck getting people to step foot inside the Boeing 'Auto-Dive' MAX...😂 When it comes to human lives: HumansComputers

Gee, don't all the jobs Boeing either farmed out or put in cheap non-union states so they get lesser-quality results make you passengers feel warm 'n cozy ? That's MANAGEMENT for ya.....

Good time to buy their stock?

Boeing has to solve the 737 Max 8 issues fast before they lose more businesses to Airbus.

“Trade fights”?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street opens mixed as Boeing offsets weak earnings reportsU.S. stocks opened mixed on Wednesday as Boeing rose after reaffirming the timel...
Source: Reuters - 🏆 2. / 97 Read more »

Boeing set to report earnings before the bell amid 737 Max crisisBoeing is expected to report third-quarter earnings before the market opens on Wednesday. I don’t want to go here. Too many people are dead now do to the Boeing 737 Max. President Trump? The last one out of all the Countries to ban them. Seems our pissodent didn’t care if the Americans crashed.
Source: CNBC - 🏆 12. / 72 Read more »

Three things to watch for in the markets on Wednesday, including Boeing and Tesla earningsWednesday is a busy day of earnings. We'll hear from Boeing, Tesla, Microsoft, and Ford, among others. Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: CNBC - 🏆 12. / 72 Read more »

Tesla speeds toward unpleasant earnings turn, Boeing faces tough questionsPrepare for an earnings onslaught in the week ahead, headlined by Tesla Inc., Boeing Co. and a flurry of big tech names.
Source: MarketWatch - 🏆 3. / 97 Read more »

Hasbro Earnings Hit by U.S.-China Trade WarThe toy and entertainment company is close to completing a deal to acquire Entertainment One for $4 billion.
Source: THR - 🏆 411. / 53 Read more »

McDonald's chicken sales took a hit after Popeyes' sandwich launched the chicken wars - Business InsiderMcDonald's couldn't keep up with the competition in the chicken wars earlier this year in August and September. In related news, America has a surplus of fake chicken. Popeyes and the Chicken sandwich economy.
Source: BusinessInsider - 🏆 729. / 51 Read more »