Boeing on Wednesday reported a $355 million loss for the first three months of the year, as it deals with a quality crisis stemming from a Jan. 5 flight in which a panel blew off one of its planes.
The loss was not as steep as investor analysts had expected. Boeing brought in more than $16.5 billion in revenue in the first quarter, less than it reported the same period last year but also a bit more than analysts expected, and burned through almost $4 billion in cash.
The panel blowout on a 737 Max 9 jet during an Alaska Airlines flight resulted in...
Continue reading...The loss was not as steep as investor analysts had expected. Boeing brought in more than $16.5 billion in revenue in the first quarter, less than it reported the same period last year but also a bit more than analysts expected, and burned through almost $4 billion in cash.
The panel blowout on a 737 Max 9 jet during an Alaska Airlines flight resulted in...