Boeing holds off on 2024 guidance as CEO says 'we caused' 737 Max 9 midair blowout
Publishing timestamp: 2024-01-31 12:09:32
Summary
Boeing narrowed its losses at the end of last year, but the company's 737 Max 9 crisis has prevented it from issuing financial guidance. The CEO of Boeing emphasized the company's focus on safety after a fuselage panel blew out midflight on one of its new 737 Max 9 planes. The company is under pressure to address these issues and rebuild its reputation. Despite the challenges, Boeing reaffirmed its 2025 and 2026 financial targets.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/01/31/boeing-ba-q4-2023-earnings.html