Loss-making first quarter for Boeing due to all kinds of setbacks

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Aircraft manufacturer Boeing started the year 2023 with a quarterly loss. The American group was still experiencing problems with the supply of parts, which led to delays and higher costs. At the same time, Boeing announced that it would increase the production rate for its 737 MAX aircraft.

Setbacks

A new problem recently came to light at supplier Spirit AeroSystems, which had not produced airframes for the Boeing 737 according to the agreed standards. Boeing emphasizes that this poses no danger to aircraft of this model already in use.

Due to all the setbacks, Boeing suffered a net loss of $425 million in the first quarter of this year, compared to a loss of $1.2 billion a year earlier. Revenue increased 28 percent to $17.9 billion, partly because the commercial aircraft division was able to deliver more aircraft of the 737 and 787 model. The defense branch also grew, but was loss-making because there were also problems with suppliers here.

Boeing wants to produce 38 737 MAX aircraft per month later this year, seven more than the company now produces per month. With this, the company hopes to achieve its goal of delivering between 400 and 450 devices of this type throughout 2023.

Aircraft manufacturer Boeing started the year 2023 with a quarterly loss.  The American group was still experiencing problems with the supply of parts, which led to delays and higher costs.  At the same time, Boeing announced that it would increase the production rate for its 737 MAX aircraft.
Aircraft manufacturer Boeing started the year 2023 with a quarterly loss. The American group was still experiencing problems with the supply of parts, which led to delays and higher costs. At the same time, Boeing announced that it would increase the production rate for its 737 MAX aircraft. (ANP / Harold Versteeg)

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