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Experts expected a loss of $0.19, diluted loss per share was $2.06 versus $0.92 for January-March 2021. Adjusted loss per share was $2.75.
At that, Boeing's quarterly revenue dropped 8% to $13.991 billion. Analysts projected the $16.13 billion amount. In pre-market trade on Wednesday, Boeing shares were down 3.5 percent.
According to the report, Boeing has nearly returned to service the 737 MAH aircraft, and the 737 family's production rate continues to accelerate. During the second quarter, production is scheduled to increase to 31 aircraft per month.
Because of a reappraisal of the time required for certification, new deliveries of the 777-9 have been delayed until 2025. Boeing estimates that the cost of the 777-9 delivery stoppage (from the second quarter until the restart of deliveries) will be $1.5 billion.
source: cnn.com
At that, Boeing's quarterly revenue dropped 8% to $13.991 billion. Analysts projected the $16.13 billion amount. In pre-market trade on Wednesday, Boeing shares were down 3.5 percent.
According to the report, Boeing has nearly returned to service the 737 MAH aircraft, and the 737 family's production rate continues to accelerate. During the second quarter, production is scheduled to increase to 31 aircraft per month.
Because of a reappraisal of the time required for certification, new deliveries of the 777-9 have been delayed until 2025. Boeing estimates that the cost of the 777-9 delivery stoppage (from the second quarter until the restart of deliveries) will be $1.5 billion.
source: cnn.com
