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Boeing’s quarterly earnings were some of the most anticipated on Wall Street. The problems with the 737 Max aircraft have weighed on the company’s bottom line and look to continue to drag down revenue for months. With the uncertainty of when these planes will be back in the air, Boeing decided to hold its outlook for 2019. Phil LeBeau breaks it all down for us.
Boeing announced Wednesday it will pause share buybacks and is withdrawing its full year 2019 financial forecast while it works through issues surrounding its 737 Max aircraft, whose software is suspected in two deadly crashes.
President Donald Trump said Monday that Boeing should “fix” and “rebrand” its popular 737 Max after the jet’s anti-stall software was implicated in two fatal crashes that killed 346 people since October.
Southwest Airlines has removed the Boeing 737 Max jet from its schedule through Aug. 5, a key summer travel period. It’s unclear how many Southwest flights will be cancelled as a result.
The prolonged grounding of Boeing’s 737 Max jets forced American Airlines on Tuesday to cut its revenue guidance for the first quarter.
Wall Street analysts downgraded shares of Boeing and Southwest Airlines on Monday as troubles worsen for the airplane maker’s popular 737 Max jets.
U.S. airlines were briefly hit by systemwide computer outages on Monday related to problems with the Aerodata planning weight and balance program, the Federal Aviation Administration said.
Passengers are told to go looking for “rescue fares” from rival airlines.
Boeing previewed its software fix, cockpit alerts and new training for its 737 Max planes Wednesday, saying the changes improve safety.
As American Airlines continues to cancel flights, Boeing has begun to show pilots software fixes that will make 737 MAX planes safer. Phil Lebeau reports.
Airlines prepare to cancel more flights as the grounding of the Boeing 737 Max enters its second week.
The Department of Transportation inquiry is focused on a safety system suspected of factoring into the crash of a Lion Air flight, The Wall Street Journal says.
Airlines are scrambling to rebook passengers and keep routes open after the FAA issued a grounding order for all Boeing 737 MAX 8 and MAX 9 planes. Frank Holland reports.
Boeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to “certify the fix.”
Contessa Brewer outlines what caused the turnaround for the U.S., which previously supported the plane even as countries around the world suspended service.