Boeing earnings: 737 Max is the cash-flow machine, and there are no answers for investors yet
Investors looking for answers from Boeing first-quarter earnings on Wednesday were left with one big question: When will 737 Max deliveries resume?
The company's presentation to shareholders noted the commercial airplane business had $1 billion in increased costs due to the 737 production line. Boeing said"new guidance will be issued at a future date" because of"the uncertainty of timing and conditions" for when the 737 Max planes will return to flight.
While the commercial airplane business saw a 17% decline in earnings, the other two primary business lines for Boeing delivered solid performance.
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