Index Investing News
Sunday, May 25, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Boeing delays release of 2024 financial forecast By Investing.com

by Index Investing News
January 31, 2024
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters.

Investing.com — Boeing Co (NYSE:) says it still has “much to prove” to win back the confidence of both regulators and passengers in the wake of a dangerous mid-air door plug breach earlier this month, according to a letter to employees from Chief Executive Dave Calhoun.

The statement comes as Boeing chose as expected not to release a forecast for finances or deliveries during its 2024 fiscal year. Calhoun told employees that instead the group will focus on delivering safe airplanes.

“While we often use this time of year to share or update our financial and operational objectives, now is not the time for that,” Calhoun wrote. 

Bloomberg consensus estimates had called for an outlook of annual core earnings per share of $3.62 on revenue of $89.9 billion.

In its fourth-quarter earnings report, the U.S. jetmaker said that it would continue to “cooperate transparently” with federal aviation regulators, adding that it is “taking immediate actions” to strengthen the quality of its 737 program.

A mid-flight — but non-fatal — blowout on a 737 Max 9 plane operated by Alaska Airlines earlier this month has thrust Boeing’s safety record back into the spotlight and temporarily grounded hundreds of its planes. Scrutiny had previously intensified around the 737 Max fleet after two deadly crashes in 2018 and 2019.

Boeing said that the 737 program is now producing around 38 planes per month, in line with its prior guidance. Last year, Boeing backed plans to increase output of the aircraft to 50 per month in “the 2025/2026 timeframe.”

However, the Federal Aviation Administration (FAA) barred Boeing from expanding production of the best-selling 737 Max jet last week due to “unacceptable” quality control issues. Although the FAA allowed the 737 Max 9 to resume flying pending completed inspections, the authority’s decision still marked a fresh blow for Boeing, as the success of the 737 Max is a crucial pillar of its push to recover from both the ongoing safety concerns and the impact of a pandemic-era travel slowdown.

Shares in Boeing hovered around the flatline in premarket trading in New York on Wednesday.



Source link

Tags: BoeingdelaysfinancialforecastInvestingcomrelease
ShareTweetShareShare
Previous Post

Brookfield Opens Two Manhattan West

Next Post

New York Comptroller Asks eXp To Investigate Sexual Assault Allegations

Related Posts

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

TreeHouse Meals: Effectivity Beneficial properties Priced In, Truthful Valuation Helps Maintain (NYSE:THS)

by Index Investing News
May 24, 2025
0

This text was written byObserveI'm an enthusiastic fairness analysis and funding analyst with a powerful curiosity in making use of...

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

Seagate Know-how Holdings plc (STX) Seagate 2025 Investor and Analyst Convention – (Transcript)

by Index Investing News
May 23, 2025
0

Seagate Know-how Holdings plc (NASDAQ:STX) Seagate 2025 Investor and Analyst Convention Name Could 22, 2025 9:00 AM ET Firm Members...

2 BDCs That Qualify For The Retirement Earnings League

2 BDCs That Qualify For The Retirement Earnings League

by Index Investing News
May 23, 2025
0

This text was written byObserveRoberts Berzins has over a decade of expertise within the monetary administration serving to top-tier corporates...

Booz Allen Hamilton Holding Company 2025 This fall – Outcomes – Earnings Name Presentation (NYSE:BAH)

Booz Allen Hamilton Holding Company 2025 This fall – Outcomes – Earnings Name Presentation (NYSE:BAH)

by Index Investing News
May 23, 2025
0

This text was written byObserveSearching for Alpha's transcripts staff is liable for the event of all of our transcript-related initiatives....

PGIM Jennison Rising Dividend Fund Q1 2025 Commentary (Mutual Fund:PJDZX)

PGIM Jennison Rising Dividend Fund Q1 2025 Commentary (Mutual Fund:PJDZX)

by Index Investing News
May 23, 2025
0

This text was written byObservePGIM Investments, a subsidiary of PFI, is an funding adviser and the funding supervisor to all...

Next Post
New York Comptroller Asks eXp To Investigate Sexual Assault Allegations

New York Comptroller Asks eXp To Investigate Sexual Assault Allegations

2024 Grammys: What to expect from Sunday’s award show

2024 Grammys: What to expect from Sunday's award show

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

‘Picnic at Hanging Rock’: A Basic Disappearing Act Reappears

‘Picnic at Hanging Rock’: A Basic Disappearing Act Reappears

January 30, 2025
American Airways’ concentrate on ESG in 401(okay) plan is against the law, US decide guidelines By Reuters

American Airways’ concentrate on ESG in 401(okay) plan is against the law, US decide guidelines By Reuters

January 11, 2025
3 Beginner Steps to Start Investing in Real Estate in 2024

3 Beginner Steps to Start Investing in Real Estate in 2024

January 11, 2024
Jarrad Branthwaite to Manchester United: Why Erik ten Hag might make an exception for Everton defender | Soccer Information

Jarrad Branthwaite to Manchester United: Why Erik ten Hag might make an exception for Everton defender | Soccer Information

June 19, 2024
Will Israel’s hunger coverage work in Gaza? | Gaza

Will Israel’s hunger coverage work in Gaza? | Gaza

April 5, 2025
Seniors taking steadiness class assume presidential candidates ought to be a part of them

Seniors taking steadiness class assume presidential candidates ought to be a part of them

July 21, 2024
Biden meets labor organizers from Starbucks, Minor League Baseball By Reuters

Biden meets labor organizers from Starbucks, Minor League Baseball By Reuters

July 18, 2023
“I wish I could go dunk everything”

“I wish I could go dunk everything”

December 28, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In