Boeing postpones 2024 outlook, CEO says company has ‘much to prove’
Boeing Co has “much to prove” to regain the confidence of regulators and customers after a mid-air cabin-panel blowout on a 737 MAX aircraft, CEO Dave Calhoun said on Wednesday, adding that the planemaker will “go slow” as it faces a “serious challenge.” As expected, Calhoun did not offer a financial or delivery forecast for 2024, stating that the company must focus on delivering quality airplanes.
The planemaker, however, reported a smaller quarterly loss and better-than-expected revenue and free cash flow, though investors are more likely to focus on the company’s expectations as it navigates the current crisis.
