Boeing returns to red ink, projects $1 billion lost from 787 quality issues
Published by
The Seattle Times
The Seattle Times
Boeing resumed losing money last quarter, its losses caused both by continuing pandemic-driven downturn in air travel and by self-inflicted wounds such as the 787 manufacturing mess. The aerospace giant projected Wednesday that the manufacturing quality defects that have stalled 787 deliveries will eventually cost $1 billion. CEO Dave Calhoun’s earnings teleconference left Wall Street analysts less than convinced that either the prolonged 787 delivery stoppage or the continued closure of the Chinese market to Boeing jet deliveries will end soon. Jim Lebenthal, a partner at financial advisory f…