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Southwest Airlines said on Thursday it anticipates less than half of the new aircraft deliveries it had previously expected from Boeing in 2024 and will take measures to tighten costs, such as voluntary time off programs, as a buffer.
Boeing shares (BA) are still down ahead of Wednesday's session close after it reported its first-quarter earnings results this morning. Topping revenue estimates by posting $16.57 billion, the aerospace manufacturer narrowed its forecasted losses per share to $1.13.
U.S. Department of Justice officials are planning to decide as soon as late May whether Boeing violated an agreement that shielded the planemaker from criminal prosecution over fatal crashes in 2018 and 2019, people familiar with the matter said.
The carrier's earnings may be dominated by any update on the impact of delays to Boeing aircraft deliveries on its growth plans.
U.S. Justice Department officials are planning to decide as soon as late May whether Boeing violated an agreement that shielded the planemaker from criminal prosecution over fatal crashes in 2018 and 2019, people familiar with the matter said.
Boeing's (BA) issues continue to mount as the aerospace manufacturer grapples with shrinking orders, a growing backlog of orders it needs to fulfill, and more, according to its first-quarter earnings report. In the wake of the mid-air incident in January that sparked multiple investigations into Boeing's 737 Max jetliner by federal regulators, the company faces a PR setback from consumers and travelers unsure whether to trust its aircraft.
Oscar Munoz, former United Airlines chairman and CEO, and Jeff Guzzetti, former FAA accident investigation director, join CNBC's 'The Exchange' to discuss the fallout for Boeing, how the airline can regain trust, and more.
Stocks often bottom on poor news. Investors should focus on the reaction to the news instead of the news itself.
Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.
U.S. Transportation Secretary Pete Buttigieg said on Wednesday that Boeing must meet a government mandate to address systemic quality-control issues within 90 days before it will be able to boost 737 MAX production.