US aircraft manufacturer Boeing said Wednesday it had $ 22.9 billion in revenue in the first quarter of 2019, while engaging with regulators and customers to “get it back to service” his 737 MAX.
Boeing reported earnings per share of US $ 3.75 under United States GAAP, and non-GAAP earnings per share of US $ 3.16, reflecting lower shipments of Boeing 737 partially offset by an increase in the volume of activity in defense and services. The US automaker also generated operating cash flow of $ 2.8 billion and paid $ 1.2 billion in dividends.
The previously announced financial forecast for fiscal 2019 does not take into account the situation of the 737 MAX and its impact, Boeing said in a news release, stating that because of uncertainties surrounding the timing and conditions fleet service of 737 MAX, new forecasts will be released at a later date.
In this regard, the US manufacturer has stated that it is progressing “regularly towards the final certification of the software update used on the 737 MAX aircraft; more than 135 test and production flights of this update have been made.”
The Group continues to work closely with international regulators and client companies to thoroughly test the software and develop a comprehensive set of training and training materials, the source said.
“At all levels of the Group, we are focused on the safety and the recommissioning of the 737 MAX in order to regain and earn the trust of our customers, regulators and travelers around the world,” said Dennis Muilenburg, Chairman and CEO of Boeing.
“As we work hard to get through this difficult time for our customers, partners and company, our focus remains focused on excellence in quality and performance, as well as on the management of a business that is growing in a healthy, sustainable way that is based on solid, long-term fundamentals,” he added.
First quarter operating performance was driven by key defense results, strong performance and orders in the large commercial aircraft market, sustained service sector growth, as well as shareholders of Embraer, Brazilian aircraft manufacturer, the strategic partnership project.