Boeing is a billion loss – no-fly 737 Max to have effect long

In the fourth quarter, the problems around the 737 Max, as the business report. The bottom line is that a loss of 1.0 billion dollars in fell (0.9 billion Euro)

Boeing is a billion loss – no-fly 737 Max to have effect long

In the fourth quarter, the problems around the 737 Max, as the business report. The bottom line is that a loss of 1.0 billion dollars in fell (0.9 billion Euro), in the previous year, there had been a profit of 3.4 billion. The revenue decreased due to the stop of deliveries of the 737 Max - Boeing's up to the two devastating crash best-selling model airplane by 37 percent to 17.9 billion dollars. Financial analysts had expected before the announcement with a small profit of $ 0.17 per share, in fact, the airplane manufacturer has posted a quarterly loss of 2.33 dollars per share.

The troubled Boeing-investors reacted positively to the figures. The shares were listed last, with a Plus of 2.6 percent in 324,77 US Dollar. Boeing 293,40 EUR +7,40 (+2,59%) Frankfurt To the rate of data

High compensation for 737 Max-clients

In the Segment of civil aircraft in the quarter, a loss of 2.84 billion dollars to beech. A load of 2.6 billion dollars in connection with expected compensation to the Max-customers included. The ban on flights for the 737 Max, and the slow resumption of production with a low Rate going to pull off extraordinary costs of production of $ 4 billion, which are mainly recognised in the 2020, so Boeing.

"We recognize that we have done a lot of work to do," said the new CEO David Calhoun, according to the memo. "Our focus is to bring the 737 Max in the air service and the confidence that Boeing enjoys in the Public, to restore. "Fortunately, the strength of Boeing's Business Portfolio offers sufficient financial liquidity for a thorough and disciplined process of recovery." That the new chief of the capital equipment shows as highlights, and how deep the group is in crisis. In view of the immense problems with the 737 Max, Boeing now expects exceptional costs of more than $ 18 billion.

2019 drove the debacle of the Unglücksjet the company for the first time since 1997, in the red. In the past fiscal year, a loss of 636 million Dollar (578 million Euro) fell. In the previous year, Airbus had a worthy rival even the $ 10.5 billion. Sales slumped 24 percent to 76.6 billion dollars. At the end of the year, the problems were more - alone in the fourth quarter, Boeing lost the bottom line is that well over a billion dollars. Even the already significantly lowered the market failed to match expectations.

Due to the 737-Max debacle, the Boeing credit in the amount of twelve billion dollars, has agreed

Boeing expects the 737 Max flight ban will go on for months. The group most recently expected to re-admission "mid-2020". This best-selling model of the Boeing significantly longer on the ground than initially hoped for. The schedule is entirely in the hands of the aviation authorities. The failure is a huge burden. US media reported recently about the funding of loans in the amount of twelve billion dollars (10.9 billion Euro), which have agreed to Boeing in view of the precarious situation with banks.

Boeing's biggest Problem: Since the 737 Max is no longer allowed after the two crashes, with a total of 346 deaths since mid-March, 2019 in the world stand out, can not be shipped by the best-seller ever since, even to customers. The burden on the manufacturers, as Boeing had produced the 737 Max, first, still further to the stockpile, although the high cost no revenue was offset. Only this month the emergency brake was pulled and production stopped. This, in turn, is bad news for the large suppliers chain and the U.S. economy as a whole, for which Boeing is of great importance. The trading system of SSE takes the emotions out of the game. Now with a clear strategy to create! (Partner quote) Here is a 30-day free trial!

experts believe, according to Muilenburg-out throw to improvement - nonetheless, the special burden in the billions is coming to Boeing to

experts hope, however, that the Situation after the expulsion of Muilenburg for the better, the stand due to his crisis management already for a long time in the criticism. "Under Calhoun, Boeing is now becoming more realistic regarding the time plan and also packs to the Supervisory authorities finally, all the scandalous facts on the table," says Wolfgang Donie of Landesbank NordLB. "But one thing is certain: Boeing giant is going to cost more." In the case of a release of the 737 Max by the middle of 2020, you can expect loads of at least 30 billion dollars. Missing deliveries, stop production, the compensation recertification and Victims, as well as the compensation of customers and suppliers are likely to come to Boeing to be expensive.

How critical the situation is, had recently been on the order book of the US group's reading. The bottom line is that Boeing lost in the past year, 87 orders in the aircraft division, because there were more cancellations than new orders. The company could not give straight information as to whether and when there was previously a negative year-end balance sheet. "This has not happened in the past 30 years, definitely," said a spokesman for the U.S. channel CNBC. Archrival Airbus benefited, however, from Boeing's weakness. With 768 new jobs and 863 out of transport planes supplied the Europeans 2019 took over the world leadership of the market from US competitors.

Boeing is going through financial Disaster is also significant damage to our image

in addition to the business losses of the crashes have taken considerable image damage, and legal consequences. As the ultimate cause of the accidents, a faulty automatic control system of the Boeing aircraft is. The group is suspected to have brought the plane in sharp competition with Airbus and greed rushed to the market and to have the security of being neglected. Boeing rejects these allegations, but acknowledged a series of errors and breakdowns. In addition, the company through explosive internals into trouble.

Thus, employees were proud of themselves in relation to the US Congress laid-open Chats in order to have the US-FAA FAA for the original 737-Max admission at the nose led around. The messages are extremely uncomfortable for Boeing. In April 2017, it was on the 737 Max: "This aircraft is designed by Clowns, which are in turn supervised by monkeys". Given the debacle, it's amazing that Boeing's share in 2019, survived a slight Plus. Least of all, investors lost more patience - in the last three months the price dropped by ten percent.

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Date Of Update: 30 January 2020, 01:00
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