An aerial photo shows Boeing 737 MAX aircraft parked on the runway at the Boeing factory in Renton, Washington, on March 21, 2019.
Lindsey Wasson | Reuters
Boeing Wednesday's quarterly report will be the most complete account yet of the fallout from the loss of a door seal mid-air from a 737 Max 9 jet in January, an incident that sparked another costly safety crisis for the manufacturer.
Analysts expect the 737 manufacturer to announce its seventh consecutive quarterly loss, and that it has drained more money than expected due to the accident, which has led to more federal scrutiny and a production slowdown, which has reduced the global supply of new aircraft before the new year. Busy summer travel season.
Here's what Wall Street expects for Boeing for the period ending March 31, according to LSEG estimates:
Loss per share: $1.76 Adjusted revenue: $16.23 billion
Boeing has faced difficulties in increasing production, especially of its best-selling 737 MAX aircraft. After the door plug on an Alaska Airlines Max 9 exploded on January 5, the Federal Aviation Administration banned Boeing from ramping up production. The FAA also said it found numerous noncompliance issues along Boeing's supply chain.
Questions abound for Boeing CEO Dave Calhoun, who announced last March that he would step down by the end of the year.
Among those questions: When will Boeing stabilize its production line and increase production of the 737 MAX and other aircraft? When will Boeing appoint a new CEO? How much will the current crisis cost Boeing? When might Boeing finalize a deal to buy back the fuselage maker? Air spirit systems.
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