Boeing posted another quarterly loss Wednesday, thanks in part to charges linked to the Air Force One program, but stuck to its full-year free cash flow targets amid booming aircraft demand.
posted a wider-than-expected third quarter loss Wednesday, which paring its full-year target for 737 Max deliveries, but noted its on track to meet its free cash flow forecasts amid booming aircraft demand.
Boeing delivered 105 aircraft to customers over the three months ending in September, the company said, including 27 jets in the month of September alone. However, deliveries of is 737 Max aircraft, the popular narrowbody jet, slowed to the lowest levels since August of 2021 "We continue to progress in our recovery and despite near-term challenges, we remain on track to meet the financial goals we set for this year and for the long term," said CEO Dave Calhoun."We are focused on driving stability in our supply chain and improving operational performance as we steadily increase production rates to meet strong demand."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing stock surges after another revenue beat, affirmed FCF outlookBoeing affirms 2023 guidance for 787 deliveries but cuts 737 delivery outlook
Read more »
IM Motors LS6 Secures 10,000 Orders In One Week, Offered With Up To 787 HPThe flagship version of the IM Motors LS6 has a 100 kWh battery pack and two electric motors with 787 hp and 800 Nm
Read more »
Air District rejects air monitoring plans from all Bay Area refineriesThe Bay Area Air Quality Management District has rejected fence line air monitoring plans for all five Bay Area refineries, saying the plans don't meet the requirements of its refining emissions tracking rule.
Read more »
How to Clean an Air Fryer (and Air Fryer Toaster Oven), from Top to BottomYou should be cleaning the basket of your air fryer after every use. But deep cleaning an air fryer requires a little more time.
Read more »
Boeing loses $1.6 billion on fewer deliveries of airliners and higher costs for Air Force One jetsBoeing is reporting a loss of $1.64 billion in the third quarter. The company said Wednesday it delivered fewer planes than a year ago, especially its best-seller, the 737 Max. Boeing is lowering its forecast of 737 production for this year. And Boeing is reporting another loss on its contract with the Air Force to build two new presidential jets.
Read more »
Over 1,200 jobs up for grabs during Wednesday’s job fair event in JacksonvilleThe hiring event will occur at The Prime Osborn Convention Center in downtown Jacksonville on Thursday, July 20 from 10 a.m. to 2 p.m.
Read more »