Boeing's 2023 Losses and 737 Max Fallout: Navigating Uncertain Financial Terrain
Boeing records a $5.8B loss in 2023, an improvement from the previous year, with the first profitable quarter for Boeing Commercial Airplanes since 2019. The company withdrew its request for a certification exemption for the 737-7 after opposition from Senator Tammy Duckworth, and is not providing guidance for 2024 due to ongoing FAA investigations. CEO David Calhoun took responsibility for a recent 737-9 MAX incident and appointed an independent quality review leader, while also expressing uncertainty about the company's past actions.