Boeing cuts losses to $30 million (earlier than crash) | EUROtoday

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Boeing narrowed its fourth-quarter loss to $30 million, down from $633 million in final 12 months's fourth quarter, and ramped up manufacturing of its best-selling 737 Max airplane shortly earlier than final 12 months's Alaska Airlines crash. January when one of many cabin panels blew out shortly after takeoff, an incident that raised new security considerations.

The reported loss was smaller than Wall Street anticipated and income of $22.02 billion beat forecasts of $21.1 billion in income. However, the corporate declined to launch its 2024 outlook, a sign of the uncertainty surrounding Boing following the accident. Boeing late final 12 months reached its aim of manufacturing 38 737 MAX planes per thirty days. For the 787 Dreamliners the manufacturing fee was 5 plane per thirty days.

For 2023, 528 plane have been delivered and 1,576 orders web of cancellations. The order ebook has risen to 520 billion {dollars} equal to over 5,600 plane.

The Federal Aviation Administration (FAA), the American flight security company, after grounding all Max 9s within the United States for nearly three weeks, stated it might not permit Boeing to increase manufacturing of the Max till they’re resolved safety issues.

Alaska and United Airlines had been pressured to cancel greater than a thousand flights. Alaska expects Boeing to compensate about $150 million in misplaced income and elevated bills because of the grounding, and United may cancel orders for the 737 Max 10 nonetheless present process certification.