Alaska Airlines softened the quarterly financial blow suffered by Boeing when it announced it is exercising options to purchase 52 more Boeing 737 MAXs.
Calhoun said this may continue for the next 18 months.
In a note to investors after the earnings results came out, Nick Cunningham, an analyst with London-based Agency Partners, commented on Boeing’s constant flow of big accounting losses. Boeing stock fell in early trading with the news of the earnings losses, rose on the Alaska news, then fell sharply again after Calhoun’s earnings teleconference with Wall Street analysts.The market may swing more as it digests the detail in the earnings report.
Steve Parker, head of Boeing’s bomber and fighter programs as well as its St. Louis defense plants, was promoted to the new role, reporting to Defense and Space chief Ted Colbert.The Commercial Airplanes division headquartered in the Puget Sound region also suffered a loss in the third quarter.
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