{"id":20151,"date":"2022-04-28T14:08:08","date_gmt":"2022-04-28T08:38:08","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=20151"},"modified":"2022-04-28T14:08:11","modified_gmt":"2022-04-28T08:38:11","slug":"boeing-posts-loss-of-1-24-bn-in-q1-as-co-tries-to-fix-787-jet-issues","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/04\/28\/boeing-posts-loss-of-1-24-bn-in-q1-as-co-tries-to-fix-787-jet-issues\/","title":{"rendered":"Boeing posts loss of $1.24-bn in Q1 as co tries to fix 787 jet issues"},"content":{"rendered":"\n

Boeing reported a $1.24 billion loss<\/strong> in the first quarter, owing to huge write-downs and losses in both its civilian and defence aircraft sectors. <\/p>\n\n\n\n

The loss exceeded Wall Street’s expectations, and the company’s quarterly revenue fell short as well. <\/p>\n\n\n\n

\"Boeing<\/figure>\n\n\n\n

Boeing Co., based in Chicago, had its stock drop nearly 4% before the opening bell on Wednesday. <\/p>\n\n\n\n

However, Boeing expressed hope for the future, stating that it has submitted plans to begin 787 aircraft deliveries and that production and deliveries of the 737 Max passenger plane grew during the quarter. <\/pre>\n\n\n\n
The company, according to CEO David Calhoun, <\/strong>is on target to generate positive cash flow for the entire year. <\/p>\n\n\n\n
Boeing’s<\/a> commercial-airplanes sector lost $859 billion, hampered by the company’s failure to produce 787 jets <\/strong>while it works to correct production issues. <\/p>\n\n\n\n
\"\"<\/figure>\n\n\n\n
The defence sector, which has historically been a bulwark against the instability of airline aircraft sales, lost $929 million as revenue plunged 24%. <\/p><\/blockquote>\n\n\n\n
On revenue of $13.99 billion, the business reported a core loss per share of $2.75. <\/p>\n\n\n\n
According to a FactSet survey, analysts predicted a loss of 25 cents per share on revenue of $16.02 billion. <\/p>\n\n\n\n
Stay Tuned and Updated with Aviationa2z!<\/p>\n","protected":false},"excerpt":{"rendered":"
Boeing reported a $1.24 billion loss in the first quarter, owing to huge write-downs and losses in both its civilian and defence <\/p>\n","protected":false},"author":2,"featured_media":20153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[2030,5817,248,121,5819,5820,5818],"class_list":{"0":"post-20151","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-aviation-a2z-news","9":"tag-b-787","10":"tag-boeing","11":"tag-boeing-787","12":"tag-civilian-flights","13":"tag-defence-aircraft","14":"tag-quarter-1"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=20151"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20151\/revisions"}],"predecessor-version":[{"id":20154,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/20151\/revisions\/20154"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/20153"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=20151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=20151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=20151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}