The latest problem comes as Boeing has been under intense scrutiny since two accidents in 2018 and 2019 involving its 737 Max planes killed 346 people. Authorities said the accidents were triggered by design flaws in its flight control software.
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Boeing deliveries of new jets dip as the company and a key supplier struggle with production flaws. ARLINGTON, Va. (AP) — Boeing deliveries of new airline jets slumped in the third quarter as the company struggled with production problems that are cutting into its ability to generate cash.
The company blamed the unexpected loss on “abnormal production costs” as it tried both to deliver the remaining backlog of 737 Max jets and to step up deliveries of the 787 Dreamliners. The company's production of the 787 remains below normal rates.
Despite the FlyersRights concerns, the FAA, Boeing and many pilots deem the 737 MAX safe to fly and many airlines have the plane in service. “I can say categorically that the 737 MAX product is safe,” then-acting FAA administrator Bill Nolen told members of the US Senate Commerce Committee in March.
Preliminary investigations revealed serious flight control problems that traumatized passengers and crew on the aircraft's previous flight, as well as signs of angle-of-attack (AoA) sensor and other instrument failures on that and previous flights, tied to a design flaw involving the Maneuvering Characteristics ...
Hefty defense and space write-offsBoeing lost $149 million in the second quarter, or 25 cents per share, on revenue of $19.8 billion. That's down from a profit of $160 million in the same period last year, which was the last time Boeing showed a profit.
For much of the 20th century, Boeing's airplanes were the envy of the global aviation industry. In 2019, however, Boeing's reputation suffered immensely after two of the company's 737 MAX planes crashed within five months of each other, killing 346 people.
He isn't surprised by the drop. “The emergence of headwinds to Q3 earnings and cash flow, the slow pace of 737 deliveries, and expected pressure on 2024 free cash flow expectations.” Wall Street projects a third-quarter per-share loss of about $2.66 and free cash flow of just $100 million.
Airbus has the better safety record by far. In fact, Boeing's 737 alone has more crashes than all Airbus crashes combined. With that being said, it's important to ask yourself WHY Airbus has a better safety record than Boeing, and the reasons behind this aren't all bad.
Is it safe now? By endorsement of the FAA, Boeing and its pilots, the 737 MAX has been determined as safe to fly. But safe pilots fly planes safely and part of being a safe pilot is being well-trained and well-informed as to the full functionality of an aircraft's systems.