{"id":271019,"date":"2019-04-25T04:48:34","date_gmt":"2019-04-25T04:48:34","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271019"},"modified":"2019-04-25T04:50:48","modified_gmt":"2019-04-25T04:50:48","slug":"boeing-drops-2019-outlook-after-737-max-crisis-sees-1-bn-in-extra-costs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-drops-2019-outlook-after-737-max-crisis-sees-1-bn-in-extra-costs\/","title":{"rendered":"Boeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs"},"content":{"rendered":"<p>Boeing Co on Wednesday abandoned its 2019 financial outlook, said it halted share buybacks in mid-March, and announced $1 billion in increased costs due to the grounding of its 737 MAX jets. <\/p>\n<p>Chicago-based Boeing is facing one of the biggest crises in its history following crashes involving its fastest-selling jetliner, one on Lion Air in Indonesia on Ocober 29 and another on Ethiopian Airlines on March 10, which together killed all 346 on board. <\/p>\n<p>The world&#8217;s largest planemaker reported first-quarter revenue and cash flow below sharply lowered Wall Street estimates, largely due to stopping deliveries of the 737 MAX jets, which were grounded in March after the two crashes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boeing Co on Wednesday abandoned its 2019 financial outlook, said it halted share buybacks in mid-March, and announced $1 billion in increased costs due to the grounding of its 737 MAX jets. Chicago-based Boeing is facing one of the biggest crises in its history following crashes involving its fastest-selling jetliner, one on Lion Air in Indonesia on Ocober 29 and another on Ethiopian Airlines on March 10, which together killed all 346 on board. The world&#8217;s largest planemaker reported first-quarter revenue and cash flow below sharply lowered Wall Street estimates, largely due to stopping deliveries of the 737 MAX jets, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-271019","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271019"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271019\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}