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Boeing reported a slimmer loss and higher revenue than expected, burning through $3.9 billion in cash in 1Q with predictions of more cash use. Southwest Airlines faced a tumble in stock prices after missing Q1 earnings and revenue expectations due to Boeing-related issues. Buttigieg emphasized Boeing must meet FAA quality plan before raising 737 MAX output.
Southwest is in "kind of a pickle regarding revenue generation, so they’re looking at everything ... what they have seen is that when they’ve tweaked their existing cattle call … they find it to be very lucrative.” $LUV via @hannahbsampson https://t.co/KCvFJSaF8Y
Why Boeing’s cash woes could merit an industrial policy lifeline https://t.co/nG9olPF4YO | opinion
"[People believe] that Boeing has had a succession of CEOs that have been overly concerned with making investors happy and less focused on maintaining engineering quality." @JBogaisky joins @Rosemarietv on "Forbes Newsroom" to discuss how Boeing is burning through cash. https://t.co/OfjAZLTGzD