Boeing earns 336 million until September, 95% less for the 737 MAX crisis

Boeing recorded a net profit of 374 million dollars (336.35 million euros) during the first nine months of the year, 95% less compared to the same period last year, affected by the suspension of services of its passenger aircraft 737 MAX

As reported by the American aeronautical constructor on Wednesday, the turnover reached 58,648 million dollars (52,740 million euros) until September, which is 19.42% less compared to the first nine months of 2018, when it invoiced 72,786 million dollars (65,460 million euros).

“Boeing has developed software and training updates for the 737 MAX and continues to work with the FAA and global civil aviation authorities to complete the remaining steps towards certification and preparation for return to service,” the company said.

With these perspectives, the company “has assumed that the regulatory approval of the return to service of 737 MAX will begin in the fourth quarter of 2019” and that it will gradually increase the production rate from 737 from 42 per month to 57 per month at the end of 2020

Boeing president and chief executive Dennis Muilenburg has remarked that “top priority remains the safe return to service of the 737 MAX.”

In the third quarter, the aircraft manufacturer earned $ 1,167 million (1,050 million euros), 51% less than in the same period of 2018. Revenues in this quarter also fell from $ 25,146 million ($ 22,610 million). euros) up to 19,980 million dollars (17,960 million euros), 20.54% less.

INCOME DOWN IN COMMERCIAL AIRCRAFT

Boeing registered revenues in the commercial aircraft segment 39.48% lower during the first nine months of the year, up to 24,793 million dollars (22,290 million euros), while the number of orders stood at 301. In the third quarter, revenues also fell to 8,249 million dollars (7,420 million euros), 41.38% less.

On the other hand, the revenues obtained by the defense, space and security branch of Boeing were 20,265 million dollars (18,220 million euros) during the first nine months of the year, 3.69% more than in the same period of 2018, while between July and September the turnover reached 7,042 million dollars (6,330 million euros).