Boeings Wednesday's quarterly report shall be essentially the most comprehensive account yet of the fallout from a 737 Max 9 plane's door plug deflating in January, an accident that sparked one other costly safety crisis for the manufacturer.
Analysts expect the 737 maker to report its seventh straight quarterly loss and that it has burned through additional cash than expected due to the accident, which has led to more federal scrutiny and a production slowdown, hurting the worldwide supply of recent planes The busy summer travel season was restricted.
Here's what Wall Street expects for Boeing for the period ending March 31, in line with LSEG estimates:
- Loss per share: $1.76 adjusted
- Revenue: $16.23 billion
Boeing has been hampered in ramping up production, particularly of its best-selling 737 Max planes. After the Alaska Airlines Max 9's door plug blew on Jan. 5, the Federal Aviation Administration blocked Boeing from increasing production. The FAA also said it found quite a few problems with violations along Boeing's supply chain.
There are many questions for Boeing CEO Dave Calhoun, who announced in March that he would step down at the tip of the 12 months.
Those questions include: When will Boeing stabilize its production line and increase production of the 737 Max and other aircraft? When will Boeing name a brand new CEO? How much will the present crisis cost Boeing? When might Boeing close a deal to purchase back the fuselage maker? Spirit AeroSystems.
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