• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, May 8
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025

    Senator Murphy Tries To Ban Trump’s Meme Coin With ‘MEME Act’

    May 6, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Boeing boosts monthly 737 production to 38, posts upbeat earnings
Finance

Boeing boosts monthly 737 production to 38, posts upbeat earnings

July 26, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Boeing boosts monthly 737 production to 38, posts upbeat earnings
Share
Facebook Twitter LinkedIn Pinterest Email

(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrow-body jet to 38 per month from 31, a sign the planemaker was recovering from a supplier error that had scuttled its plans for an early ramp up.

Shares of the company jumped 4% before the bell after the company also posted second-quarter results that beat Wall Street expectations.

Boeing reiterated its plan to generate $3 billion to $5 billion in free cash flow this year, as well as to deliver at least 400 single-aisle 737s and 70 787 Dreamliners in 2023.

The company still faces challenges, “whether they be issues to address within our own factories or outside our walls within the supply chain and logistics routes,” CEO Dave Calhoun said, referring to the recent collapse of a railway bridge used to transport 737 fuselages.

The push to build 38 MAXs a month comes amid heightened travel demand, as airlines seek to grow their fleets post-pandemic.

Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrow-body production to 38 a month “very soon.” Days later at Paris Air Show, Boeing booked a deal with Air India for 190 MAXs as part of a larger 470 aircraft order split between it and Airbus.

Although Boeing set a deadline to ramp 737 production by the end of the year, executives signaled to its supply chain that the boost to 38 a month would begin in June.

Those plans faltered in April when a supplier defect involving the improper installation of a 737 bracket was discovered, though Boeing maintained it would still ramp to 38 jets by year-end.

See also  Britain's $4.5 billion digital bank Monzo debuts investments feature

For the second quarter, Boeing reported a free cash flow of $2.58 billion, compared with a cash burn of $182 million a year ago.

The adjusted loss was 82 cents per share. Analysts polled by Refinitiv were expecting a loss of 88 cents per share.

Boeing’s revenue for the quarter through June rose 18% to $19.75 billion, beating expectations of $18.45 billion.

Its defense business, however, was hit by a string of cost overruns.

The company took a $257 million charge related to Starliner after the space capsule’s launch was indefinitely delayed in June, a $189 million charge related to the T-7 training jet due to an increase in supply chain costs, and a $68 million charge related to the MQ-25 tanker drone due to a schedule delay.

(Reporting by Valerie Insinna; additional reporting by Abhijith Ganapavaram; Editing by Anil D’Silva)

Boeing boosts Earnings monthly posts production upbeat
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025

Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

April 17, 2025

How China’s Companies Are Responding to the US Trade War

April 16, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Kevin Durant and Westbrook Are Finding Their Way Without Each Other

April 27, 2023

19 Republican states accuse JPMorgan of closing bank accounts and discriminating against customers due to their religious or political beliefs

May 14, 2023

Amtrak Boondoggle Presses on ‘Unprecedented’ Funding and Expansion Despite Historic Losses

May 19, 2023

US futures steady as bond selloff takes a break: Stock market news today

October 4, 2023
Don't Miss

Top 10 Benefits Of Acupuncture

Lifestyle May 8, 2025

For centuries, acupuncture has served as a comprehensive therapeutic practice, addressing both physical and emotional…

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,109)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,625)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Collapsed Bank’s Former Owner Sues Federal Regulator For $2 Billion After Massive Bailout

July 11, 2023

Start time and Live Stream Details

July 5, 2023

Colin Jost Rips Trump For One Glaring Similarity In His Tales On ‘Weekend Update’

April 16, 2023
Popular Posts

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.