Upward Trend Boeing Losses Drop From the Billion to the Million Level

Source: dpa | Translated by AI 1 min Reading Time

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The aircraft manufacturer Boeing has not exactly been a fortunate company in recent times. However, the situation now seems to be stabilizing ...

For six years, the U.S. aircraft manufacturer Boeing stumbled from one crisis to another. However, the latest published figures now suggest that the company could be taking off again ...(Image: Boeing)
For six years, the U.S. aircraft manufacturer Boeing stumbled from one crisis to another. However, the latest published figures now suggest that the company could be taking off again ...
(Image: Boeing)

In the second quarter, the US corporation Boeing reportedly delivered significantly more passenger and cargo jets while burning less cash than expected. "We are making progress! I see positive signals," commented CEO Kelly Ortberg. During the same period, revenue reached nearly 22.8 billion dollars (19.5 billion euros), 35 percent more than the previous year and significantly higher than analysts had predicted. The loss shrank year-on-year from 1.4 billion to 612 million dollars. Boeing also burned through significantly less cash than expected, with around 200 million dollars, as experts had, on average, anticipated an adjusted cash outflow of 1.8 billion dollars.

This is What Happened at Boeing Leading up to This Success:

At the beginning of 2024, Boeing's crisis worsened once again! During the climb phase of a mid-range jet of the 737 Max type, a fuselage part the size of a door detached. Fortunately, no one was seriously injured due to sheer luck. Since then, the company has been under strict supervision by the US Federal Aviation Administration (FAA) and is no longer allowed to ramp up production of its most in-demand aircraft type until further notice. However, Boeing's decline began over six years ago, with the crashes of two jets from the series, resulting in a total of 346 deaths. As a result, 737 Max aircraft were grounded worldwide for over 20 months. Issues with other models, as well as in the defense and space sectors, cost Boeing billions and led to six consecutive loss-making years. Analysts are also forecasting losses for Boeing in 2025. The problem: airlines are desperately waiting for new Boeing aircraft they should have received long ago. Additionally, Boeing is years behind in obtaining certification for the upgraded wide-body jet 777X. Still, since May, 38 units of the 737 Max have been rolling off Boeing's production lines per month. The output could be higher, but this first requires approval from US authorities.

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