Boeing stated that it will not comment on its financial expectations while focusing on quality control following a near-fatal 737 MAX flight.
The corporation, which has posted losses for five years, aimed to return to pre-pandemic financial health in 2025-26.
CEO Dave Calhoun declined to confirm or deny these estimates.
Calhoun said, “We’re going to pause it as long as we need to pause”.
“Let’s take the pressure off everybody”, Calhoun continued, adding that the company will talk about its forecast when the time is right.
Boeing reported a $23 million loss in Q4, which was lower than projected, as it seeks to fulfill Federal Aviation Administration objectives.
Revenues increased 10% to $22 billion, and Boeing lost $2.2 billion in 2023, the fifth consecutive loss in a decline that began with the 737 MAX grounded after two tragic incidents in 2018 and 2019.
Despite the setback, Boeing shares rose 5.3%, after falling nearly 20% since January 5.
Also read: United States Destroys Houthi Missile That Could Have Hit US Aircraft
The Central government is planning to launch a Rs 1,345 crore scheme as a subsidy…
Chandni Chowk traders join Baba Tiwari’s spiritual drive to revive the Yamuna, blending tradition with…
Sanskar Bharati celebrated Guru Purnima 2025 in Delhi with classical music, dance, and tributes to…
Union Home Minister Amit Shah will inaugurate the newly constructed BJP state headquarters in Thiruvananthapuram…
According to the Ministry of Defence (MoD), the incident occurred on 10 July. The yacht…
PM Modi will distribute over 51,000 appointment letters to new government recruits across India on…