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Boeing Narrows Loss
Description
Boeing beat Q1 estimates with an adjusted loss of 20 cents per share on $22.22B in revenue, up 14% year over year. Net loss narrowed to $7M from $31M a year earlier. Boeing plans to increase 737 Max production to 47 aircraft per month from 42 this summer, pending FAA approval. CEO Kelly Ortberg said customer feedback on quality is improving and demand has not slowed since the Middle East war began.
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