The quality problems in Boeing production have a strong impact on the US aircraft manufacturer’s business figures. At the direction of the US Federal Aviation Administration, Boeing has to significantly reduce production of its best-seller, the 737 Max. This led to an eight percent decline in sales in the first quarter to 16.6 billion US dollars (around 15.5 billion euros), as Boeing announced in Arlington.
Cash outflow rose to $3.93 billion, about five times higher than last year. Despite a reduced loss to $388 million compared to the previous year, outgoing CEO Dave Calhoun is warning investors and employees of further challenges. Production was cut back to improve quality, and Calhoun emphasized the priority of safety and quality despite potential impacts to customers and finances.
Deliveries of all aircraft types fell by 36 percent compared to the previous year to a total of 83 aircraft from January to March.
The post Boeing: 737 Max quality problems ruin financial figures appeared first on Aviation.Direct.
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