Airframe OEM Boeing has posted a US$355 million net loss in its first-quarter results. The manufacturer is beset by ongoing investigations and a slowdown in production of its 737 MAX series after a plug door blew open on an Alaska Airlines flight in January.
Whilst the loss was not as steep as 2023 – here, Boeing posted a $425 million net loss – its CEO, Dave Calhoun, said this year’s first quarter report reflected “the immediate actions we’ve taken to slow down 737 production to drive improvements in quality.”
Calhoun added that Boeing would “take the time necessary to strengthen our quality and safety management systems, and this work will position us for a stronger and more stable future.”
83 deliveries were recorded in the first quarter, a 36% loss compared with 2023. This is reflective of the lower 737 deliveries and the halt in production and grounding of the 737 MAX 9 aircraft. Of this number, 67 were 737s, 3 767s, and 13 787s.
The 737 programme slowed production below 38 per month to incorporate improvements to its quality management system, the report read.
Overall, the backlog for Boeing is valued at $448 billion and includes over 5,600 aeroplanes. It booked 125 orders in 2024, including 85 737-10 airplanes for American Airlines.
Image credit: Boeing
