"Boeing is cautiously optimistic about stabilizing its operations and increasing production despite past setbacks, reflecting better quarterly results than analysts had predicted."
"Despite recent crises, Boeing has reported a revenue increase of 18 percent year-over-year, showcasing signs of recovery through improved plane deliveries and new contracts."
Boeing reported progress in increasing commercial plane production and stabilizing operations after a quality crisis last year. The company lost $31 million in Q1 2024, a marked improvement from the previous yearâs loss of over $350 million. A poorly installed panel incident and a worker strike had previously hindered production. Nonetheless, Boeing delivered 130 planes in Q1 2024, up from 83 last year, and secured a significant defense contract. The firmâs revenue rose to $19.5 billion, with marked improvements in commercial unit sales, while facing challenges in its defense unit.
Read at www.nytimes.com
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