Boeing is set to report fourth-quarter results in the shadow of 737 Max 9 crisis


A grounded Boeing 737 Max 9 plane at Los Angeles International Airport.

Eric Thayer | Bloomberg | Getty Images

Boeing(*9*) on Wednesday is set to report fourth-quarter results and reply to traders keen to hear how a midair blowout on one of the aircraft maker’s new 737 Max 9s may reverberate by means of the aviation trade in the months, if not years, forward.

The impact of that accident and subsequent fallout will not be felt in Wednesday’s earnings results however will seemingly be talked about in Boeing’s outlook. Here’s how analysts polled by LSEG, previously often called Refinitiv, count on Boeing to have carried out in the final three months of 2023:

  • Adjusted loss per share: 78 cents
  • Revenue: $21.1 billion

Boeing CEO Dave Calhoun, who took the helm of the plane large 4 years in the past in the wake of two lethal crashes of the Max, is once more underneath strain to clear up the firm’s fame with airline clients, regulators and the public, after the Jan. 5 accident in which a panel blew out on Alaska Flight 1282 as the aircraft climbed out of Portland, Oregon, leaving a gaping gap in the aspect of the aircraft.

Federal investigators are analyzing whether or not the door plug was improperly put in earlier than the Max 9 aircraft was handed off to Alaska Airlines(*9*) late final 12 months.

The accident was the most severe in a collection of obvious manufacturing flaws which have slowed down deliveries of new planes, and angered some of the firm’s largest airline clients in the course of, whereas important rival Airbus continues to surpass Boeing in handing over new plane.

The Federal Aviation Administration final week cleared the Max 9 to fly once more however stated it could halt Boeing’s planned ramp up in production, which the producer had aimed to rise up to about 50 planes a month in 2025 or 2026.

The Boeing 737 Max is the firm’s best-selling aircraft. A delay to manufacturing will increase may hamper Boeing’s monetary targets and have an effect on suppliers which might be making ready for larger output, in addition to clients relying on new planes to cater to post-Covid journey demand.

Calhoun has visited firm and provider manufacturing traces in addition to lawmakers on Capitol Hill in the weeks since the incident, vowing transparency and to repair any shortfalls in its manufacturing. The firm had the first of a number of manufacturing stand-downs final week to talk about with staff manufacturing issues and different potential enhancements to Boeing’s processes.

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