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April 25, 2024

Boeing posts a $355M loss

  • CEO David Calhoun says Boeing is in “a tough moment,” but he's confident it will recover.
    • By DAVID KOENIG
    AP Airlines Writer

    Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.

    CEO David Calhoun said the company is in “a tough moment,” and its focus is on fixing its manufacturing issues, not the financial results.


     
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