Previous close | 0.3000 |
Open | 0.3000 |
Bid | 0.2000 |
Ask | 0.4000 |
Strike | 25.00 |
Expiry date | 2025-01-17 |
Day's range | 0.3000 - 0.3000 |
Contract range | N/A |
Volume | |
Open interest | 3.74k |
Losses at Boeing’s commercial aircraft division almost doubled in the first three months of the year as a safety crisis led to a slowdown in deliveries.
Boeing reported a slight smaller loss in the first quarter compared to the same time a year ago and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line.
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers. CEO David Calhoun said the company is in “a tough moment,” and its focus is on fixing its manufacturing issues, not the financial results. Company executives have been forced to talk more about safety and less about finances since a door plug blew out of a Boeing 737 Max during an Alaska Airlines flight in January, leaving a gaping hole in the plane.