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Boeing loses $425M in Q1 but plans production boost for MAX
Revenue rose 28% from a year earlier, as airlines scooped up new jets to meet rising travel demand, and the company stood by its forecast of producing $3 billion to $5 billion in cash flow this year. Boeing’s passenger jets have been plagued by production problems, and the quarterly loss was due largely to the cost of reworking planes to fix production flaws. It also took a write-down for a military tanker. (www.seattletimes.com) Plus d'info...
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boeing is essentially performing public service charity work in the 767 tanker fiasco project. Writedowns, delays, defective equipment up and down the aircraft. Cost overruns and penalties have taken the juice out of the fruit, the air out of the balloon, and any remaining reason to keep Dave Calhoon and the rest of the defective board of directors on the payroll
