Dhaka, July 30 -- Boeing reported a narrower loss for the second quarter as it increased jet production and deliveries, signaling continued recovery from last year's regulatory setbacks and a significant labor strike that had brought much of its output to a standstill.
Shares edged up 1.5pc in premarket trading following the announcement.
After years of grappling with quality issues and production delays on its flagship 737 MAX, Boeing has cautiously ramped up monthly output this year. In May, the company produced 38 737s. Production has been stable since then, according to the company.
"As we continue to execute our Safety Quality Plan, there's more stability in our operations," CEO Kelly Ortberg said in a letter to Boeing employees o...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.