Boeing on Wednesday recalled its financial forecast for 2019 and said it will stop buying back shares as it works through issues related to the grounding of its 737 Max aircraft.
April 24 (UPI) — Boeing on Wednesday recalled its financial forecast for 2019 and said it will stop buying back shares as it works through issues related to the global grounding of its 737 Max aircraft.
The aerospace company said in an earnings call Wednesday it’s committed to fixing problems with the Max fleet investigators believe played a factor in two deadly crashes since last fall. Boeing said fallout from the crashes have influenced its original 2019 forecast.
“Due to the uncertainty of the timing and conditions surrounding return to service of the 737 Max fleet, new guidance will be issued at a future date,” Boeing said.
