Business
Burning through $1.6 billion a month, Boeing has a long way to recovery – Sydney Morning Herald
The reeling planemaker is grappling with manufacturing flaws on its marquee 787 Dreamliner and new cost overruns on the next Air Force One jets as it struggles…
Boeing burned through $US3.68 billion ($4.7 billion) in the first quarter as the planemaker grappled with manufacturing flaws on its marquee 787 Dreamliner and new cost overruns on a high-profile military contract: the next Air Force One jets.
While Chief Executive Officer Dave Calhoun sees 2021 as an inflection point in the companys turnaround from the coronavirus pandemic and the 737 MAXs grounding, the results made clear that the reeling titan faces a long, slow and uneven recovery.
The cash…
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