Posted on 04/25/2019 6:17:41 AM PDT by WhoisAlanGreenspan?
Boeing’s first earnings report since two deadly crashes of its 737 Max jets showed that a worldwide grounding of the company’s flagship jet is taking a toll on its business. But it left unanswered many key questions about the crisis.
The aerospace giant said Wednesday that its first-quarter earnings fell 10 percent to $3.75 per share in the first quarter, and its profit slid 13 percent to $2.1 billion. Sales fell 2 percent to $22.9 billion.
The dismal results were a preview of what’s likely to be a long year of setbacks for Boeing, as unsold jets pile up at its production facilities and the company seeks regulator approvals that would allow its planes to fly again. Boeing declined to say how long it expects that approval process to take.
The souring picture for Boeing’s business shows how quickly the company’s fortunes have reversed since two deadly crashes of the 737 jet in Indonesia and Ethiopia killed 346 people. Boeing has long been prized by investors as a cash-producing machine with huge growth potential; Boeing has outperformed Wall Street earnings estimates for 11 straight quarters.
(Excerpt) Read more at washingtonpost.com ...
Will the crisis have a lasting impact on Boeing’s business?
What role did Boeing play in the causes of the two crashes?
Asked about what led to the safety flaws in the 737 Max, Muilenburg said Boeing didn’t make any mistakes in its design of the planes. “There was no surprise or gap or unknown here or something that somehow slipped through the certification,” Muilenburg said. “We know exactly how the airplane was designed, and we know exactly how the airplane was certified.” (Fuel for the 3rd world pilot error crowd)
Will Boeing make any changes to the way it produces or certifies new planes?
How much will Boeing owe to airlines and the families of victims?
I'd never fly on one, no matter the assurance from Boeing.
The problem here is deep. It would appear from reports that the 737 MAX is not properly balanced, and the software was not a optional extra to make a good plane better, but an essential and very complicated fix to a very basic balance issue.
If this was just a an optional extra computer program, they would have had an override switch on it in the first place, and even if they didn’t they would have added one after the first crash.
If it’s a basic balance issue, these planes will never fly again.
There is demand for an efficient regional platform. The 737 is the proven and dominant model for that. It may take up to 24 months for the courts and the company and the public memory to work through this, but they will bounce back.
It’s not a balance problem. I believe the planes are safe without the friggin balky software. Read up: There IS an override, but the added controversy is regarding the training and informing the pilots that a system may override manual control.
It’s all about the engines and the belief by engineers that pilots cannot compensate for different aerodynamic issues related to the new, higher-mounted engines which cause the nose to raise under full thrust (such as when climbing out).
People are outraged that they believe Boeing built an unsafe plane; I’m not outraged, but rather disappointed that I cannot entrust flight to a trained & experienced pilot.
I’ll never fly commercial again for a multitude of reasons, including the refusal to compromise my rights.
If it does fly again, it will not be with me on board if I can help it. IMO, and I am not an engineer, the plane was rushed along to compete with something out of Europe. It was to be more economical to fly with larger engine thrust and a slightly larger seating component all using the same basic plane design, the 737 airframe. Getting it out the door became paramount to ensuring everything worked as envisioned. They may be able to overcome the design problems but flying in a Gerry rigged plane is not on my agenda.
Pull the LEAP engines. Thats the problem.
However there was other mods to accommodate the so called green engine, longer landing gear for instance.
I am beginning to think the whole project is going to be recalled.
As disturbing as this single sensor sabotage death trap on the MAX there's reports of the 787 Dreamliner found debris dangerously close to wiring
And the same with the KC-46 More debris in KC-46
These are signs of deep seated problems within the culture of the company. Multiple levels of people who do not do their job or do not care, reflects on management. IMO
I submit the real issue is pilot training. Once, every pilot was trained on stall recoveries. No longer. Now, many airline pilots are trained as FMS managers and no longer go through stall recognition and recovery. Very sad.
I always check my plane when I book a flight.
The 737 MAX should never fly again. It needs to be renamed so that hotshot pilots who know the 737 don’t automatically think they know how to fly the MAX. That is what got them into trouble on those two crashes.
For the software fix label a BIG button to say Override.
Agreed, but Boeing’s approach to this was self-inflicted pain.
7
There is so much more information available to confirm the plane is about to stall, but they didn't even consider the pilot could simply look out the window.
It just struck me:
This incident,
though tragic,
may be just the catalyst,
Boeing needs to purge all of the
bean counters and AA dingbats
responsible for ruining
a once great American company.
7
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