Trending Today:
Luxus Grand Attabad | A Symbol of Eco-Friendly Hospitality Amid Baseless Social Media Allegations
PM Shehbaz Launches | Drive To Brand Pakistan As Top Global Tourist Destination
Govt Launches | Rs180mn Skardu Int’l Airport Upgrade Project
  • Aviation
    • Airlines
    • Airports
    • CAA
    • PIA
  • Hotel/Lodges
    • Destination Pakistan
    • Events
    • Food & Beverages
    • Restaurants
  • Pakistan Tourism
    • News
    • Expos & Events
    • Rails & Roads
    • Mountains
    • Organizations
  • International Tourism
    • Cruises
    • Destination
    • Expo & Events
    • News
    • News Destination
    • Organizations
    • Technology
  • Advertise
  • E-papers
  • Newsletter
  • Aviation
    • Airlines
    • Airports
    • CAA
    • PIA
  • Hotel/Lodges
    • Destination Pakistan
    • Events
    • Food & Beverages
    • Restaurants
  • Pakistan Tourism
    • News
    • Expos & Events
    • Rails & Roads
    • Mountains
    • Organizations
  • International Tourism
    • Cruises
    • Destination
    • Expo & Events
    • News
    • News Destination
    • Organizations
    • Technology
  • Advertise
  • E-papers
  • Newsletter
Home»Uncategorized»737 MAX Corrodes | Boeing Q2 Revenue By $5.6bn
Uncategorized

737 MAX Corrodes | Boeing Q2 Revenue By $5.6bn

holidayweeklyBy holidayweeklyJuly 31, 2019No Comments
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

CHICAGO:Boeing reported that its second-quarter revenue dropped 35 per cent year-on-year to $15.8 billion, reflecting the previously announced 737 MAX charge, which reduced revenue by $5.6 billion and earnings by $8.74 per share.

Boeing is working very closely with the FAA on the process they have laid out to certify the 737 MAX software update and safely return the MAX to service. Disciplined development and testing is underway and we will submit the final software package to the FAA once we have satisfied all of their certification requirements. Regulatory authorities will determine the process for certifying the MAX software and training updates as well as the timing for lifting the grounding order.

“This is a defining moment for Boeing and we remain focused on our enduring values of safety, quality, and integrity in all that we do, as we work to safely return the 737 MAX to service,” said Boeing chairman, president and chief executive officer Dennis Muilenburg. “During these challenging times, teams across our enterprise continue to perform at a high level while delivering on commitments and capturing new opportunities driven by strong, long-term fundamentals.”          

Commercial Airplanes second-quarter revenue was $4.7 billion reflecting the previously announced 737 MAX charge and lower 737 deliveries partially offset by favourable mix. Second-quarter operating margin was (104.7) percent reflecting the previously announced 737 MAX charge and lower 737 deliveries partially offset by a higher margin on the 787 program.

During the quarter, Commercial Airplanes delivered 90 airplanes, including 42 787s, and captured orders for two 777 freighters for DHL and six 767 freighters for FedEx. Highlights from the Paris Air Show included a letter of intent from IAG for 200 737 MAX airplanes as well as several wide body commitments.

The 777X program is progressing well through pre-flight testing, Boeing said, adding that while the company is still targeting late 2020 for first delivery of the 777X, there is significant risk to this schedule given engine challenges, which are delaying first flight until early 2020.

Commercial Airplanes backlog remains healthy with more than 5,500 airplanes valued at $390 billion, the statement said.

Post Views: 3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
holidayweekly
  • Website

Related Posts

NTCB & PTDC Organise | Consultative Workshop on National Minimum | Standards for Tourism & Hospitality Sector

October 23, 2020

Promoting Roshan Digital Account | Faysal Bank & PIA Join Hands

October 23, 2020

Bahrain Tourism Authority | Nasser Ali Yousif Is New CEO

October 23, 2020
Leave A Reply Cancel Reply

Top Posts

Luxus Grand Attabad | A Symbol of Eco-Friendly Hospitality Amid Baseless Social Media Allegations

July 7, 2025

Time to meet the Muppets on the Muppet

July 12, 2018

The world don’t move to the beat

July 12, 2018

You would see the biggest gift woud be from me and the card

July 12, 2018
Don't Miss
Hotel/Lodges

Luxus Grand Attabad | A Symbol of Eco-Friendly Hospitality Amid Baseless Social Media Allegations

By holidayweeklyJuly 7, 2025

By Ch. Faisal Mahmood 

PM Shehbaz Launches | Drive To Brand Pakistan As Top Global Tourist Destination

July 7, 2025

Govt Launches | Rs180mn Skardu Int’l Airport Upgrade Project

June 26, 2025

PIA Resumes | Lahore-Paris Flights After 5 Years

June 22, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Email Us: info@example.com
Contact: +92 321 9264 080

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

Luxus Grand Attabad | A Symbol of Eco-Friendly Hospitality Amid Baseless Social Media Allegations

July 7, 2025

PM Shehbaz Launches | Drive To Brand Pakistan As Top Global Tourist Destination

July 7, 2025

Govt Launches | Rs180mn Skardu Int’l Airport Upgrade Project

June 26, 2025
Most Popular

Luxus Grand Attabad | A Symbol of Eco-Friendly Hospitality Amid Baseless Social Media Allegations

July 7, 2025

Time to meet the Muppets on the Muppet

July 12, 2018

The world don’t move to the beat

July 12, 2018
© 2025 Weekly Holiday. Designed by Haseeb Ansari.

Type above and press Enter to search. Press Esc to cancel.