What is the biggest problem facing Boeing?
What is the biggest problem facing Boeing? Boeing shares have tumbled more than 6% after the US plane-maker disclosed a manufacturing issue affecting its 737 Max planes. The aviation giant said a supplier had revealed that the installation of fittings on the rear of the planes did not follow the standard.
Is Boeing ever going to recover?
WASHINGTON, April 10 (Reuters) - Boeing Co (BA. N) intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as it seeks to fully recover from two deadly crashes and the COVID-19 pandemic that curtailed output, two people familiar with the matter said.
Why is Boeing struggling?
Boeing deliveries of new jets dip as the company and a key supplier struggle with production flaws. ARLINGTON, Va. (AP) — Boeing deliveries of new airline jets slumped in the third quarter as the company struggled with production problems that are cutting into its ability to generate cash.
Was Boeing punished for 737 Max?
Under the terms of the deal, Boeing admitted to defrauding the FAA by concealing safety problems with the 737 Max, and agreed to pay $2.5 billion in fines and compensation to airlines and relatives of the crash victims.
Is Airbus or Boeing safer?
Historically, Boeing has been considered more reliable and safer than Airbus . Hence, it is worth considering the differences in the safety occurrences of the core narrow-body single-aisle aircraft of Boeing and Airbus; the 737 and A32x families of aircraft.
Why is Boeing not making money?
The company blamed the unexpected loss on “abnormal production costs” as it tried both to deliver the remaining backlog of 737 Max jets and to step up deliveries of the 787 Dreamliners. The company's production of the 787 remains below normal rates.
Is Boeing struggling financially?
Hefty defense and space write-offs Boeing lost $149 million in the second quarter, or 25 cents per share, on revenue of $19.8 billion. That's down from a profit of $160 million in the same period last year, which was the last time Boeing showed a profit.