CEO: Boeing Focused On Safety And Won’t Talk About Financial Targets

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.

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