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Boeing expects to burn cash again in third quarter after wider-than-expected loss - TL;DR CNBC

Boeing expects to burn cash again in third quarter after wider-than-expected loss

Publishing timestamp: 2024-07-31 11:00:01


Summary

Boeing reported a bigger loss and weaker revenue than expected for the second quarter, with both its commercial and defense units facing challenges. The company also announced the hiring of a new CEO as it continues to struggle.


Sentiment: NEGATIVE

Tickers: BA

Keywords: businesstransportationmarketsbusiness newsaerospace and defense industrybreaking news: marketslondonboeing coearningsbreaking news: earningslifetravelairlinesunited statesbreaking news: business

Source: https://www.cnbc.com/2024/07/31/boeing-ba-earnings-q2-2024.html


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