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CNBC Television Boeing CEO breaks down 737 Max inventory, airline demand

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🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Boeing CEO Dave Calhoun sits down with CNBC’s Phil LeBeau and the ’Squawk on the Street’ team to discuss the company’s inventor of 737 Max airplanes and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO:   Boeing hit a key milestone in its yearslong 737 Max crisis as a jump in deliveries helped it generate cash in the fourth quarter for the first time in nearly three years. But it now faces mounting expenses in its 787 Dreamliner program, disclosing Wednesday $5.5 billion in costs tied to manufacturing flaws that have prevented Boeing from handing over those new jets to customers for most of the last 15 months. The company’s shares were down by about 3% in afternoon trading while the broader market rose, as investors focused on Boeing’s mounting bill from the 787. The manufacturer took a $3.5 billion pretax charge in the fourth quarter on the Dreamliner. It expects $2 billion in additional costs after it slashed production of the planes, double its previous estimate. ‘We can’t rush it’ Boeing first disclosed the defects — tiny, incorrect spacing on some of the fuselages —in 2020. Flaws were also detected on other parts of some planes and Boeing has had to inspect the undelivered jets. “While I don’t like any of the charges, the progress has been significant,” CEO Dave Calhoun told CNBC’s “Squawk on the Street” on Wednesday about the 787. He declined to say when he expects regulators to sign off and deliveries to resume. “We can’t rush it.” Boeing reported free cash flow of $494 million for the fourth quarter, up from an outflow of $ billion a year earlier, a milestone Boeing executives previously said they wouldn’t hit until 2022. It was driven by a surge in deliveries last year of the 737 Max after regulators lifted bans on the jets following fatal crashes in 2018 and 2019. China China, a key customer for Boeing and the first country to ground the Max after the second crash, last month moved closer to lifting its ban on the planes. CFO Brian West told analysts on the quarterly call that deliveries to China could resume “as early as the first quarter” of 2022, which could help the company generate more cash. Here’s how Boeing performed compared with analysts’ estimates complied by Refinitiv: Adjusted results: A loss of $ a share vs. an expected loss of 42 cents a share. Revenue: $ billion vs. $ billion, expected. Boeing lost $ billion last year, its third annual loss in a row as the Covid pandemic and production issues continued to hurt its bottom line. It’s an improvement from 2020 when the company had a loss of $ billion. For the fourth quarter, Boeing reported a net loss of $ billion, less than half of the $ billion it lost a year earlier. Sales fell 3% from a year ago to $ billion, lower than the $ billion analysts expected. ‘Rebuilding year’ “2021 was a key rebuilding year for us, and together, we overcame significant hurdles,” Calhoun said in a note to employees Wednesday. “While we have more work to do, I am confident that we are well positioned to accelerate our progress in 2022 and beyond.” Chicago-based Boeing’s aircraft sales and deliveries surged last year, but handovers of new planes to airlines still trailed European rival Airbus. The U.S. company said it has increased production of the 737 Max to 26 a month, closer to the 31 per month it has expected to produce this year and up from 19 a month it disclosed in its last quarterly report. But Boeing has been hamstrung for months by the pause in deliveries of its 787 Dreamliners for much of the past year due to a series of manufacturing flaws, challenging customers like American Airlines and Hawaiian Airlines. » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30:   Connect with CNBC News Online Get the latest news:

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