Aviation
Commercial /
USA
Below expected
Boeing announces its financial results for Q1 2023
Boeing 737 MAX family
Image: Boeing
Rafael Ramos
4/28/2023
Boeing has announced its financial results for Q1 2023 (first quarter of 2023). The manufacturer had results below expectations, with a loss of 425 million dollars. Even so, the American manufacturer managed to reduce its losses by around 65% compared to the previous year.
The company's sales are up 28% year-on-year, boosted by Air India's recent large order of 190 737 MAX, 20 787 and 10 777X.
The company disclosed that it delivered 130 commercial aircraft in the period, compared to the 95 delivered in the same period of 2022.
"We delivered a solid first quarter and are focused on driving stability for our customers," said Dave Calhoun, Boeing president and CEO.
The recent problem found with the MAX's fuselage did not affect these numbers. However, they are still a challenge, since the company will have to review about 75% of the 737 MAX that are in stock waiting to be delivered.
Despite this, Boeing has not reduced its forecast of how many MAX will be delivered this year and has even revealed plans to increase production of the famous family of narrowbodies from 31 per month to 38 at the end of this year.
Boeing 787 Dreamliner
Image: Boeing
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Rafael Ramos
Aviation enthusiast from an early age, he had his first contacts with the area developing that good old habit of spending dozens of hours in front of the screens of Micrsoft Flight Simulator and other simulators. With a solid background in various technological areas, including engineering and chemistry, Rafael has rejoined aviation as editor and author of articles and materials on our portal, providing invaluable help to the dynamics and expansion of the website and the aeronautical community, bringing us the news and updates so indispensable for us to remain current in our area of operation.
   
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