The aerospace company reported to their investors Wednesday, third quarter losses of $3.3 billion. The company missed analyst estimates. At the same time, Alaska Airlines said it would purchase 52 Boeing 737 MAXs.
The aerospace company reported to their investors Wednesday, third quarter losses of $3.3 billion. The company missed analyst estimates.“This investment secures aircraft to optimize our growth through the next decade, which we know will be a formidable competitive advantage,” saidin a statement.
The order is the largest in Boeing’s history and based on the current value of the planes could be worth almost $3 billion. According to the Wall Street Journal, the losses are due to “fresh problems with its defense business added to supply-chain and regulatory woes in its commercial jet arm.”Boeing’s stock is down about 30% this year. Despite the bad news,Calhoun said he is confident about the company’s return to positive cash flow by the end of the year.
Speaking on CNBC, Calhoun said he is confident Boeing will get an extension and “they will be certified as safe airplanes.”
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