Boeing Company (BA) has released an update.
Boeing’s first quarter of 2024 revealed a revenue of $16.6 billion with a GAAP loss per share of ($0.56) and a non-GAAP core loss per share of ($1.13), highlighting the impact of lower 737 deliveries and the 737-9 grounding. Despite these challenges, the company’s total backlog grew to $529 billion, which includes more than 5,600 commercial airplanes, indicating potential for future growth. Boeing emphasized its commitment to improving quality and safety in its commercial business as a strategic priority for future stability.
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