(Finance) – Boeingthe US aeronautical giant, recorded in the first quarter of 2022 a sales $ 14 billion, down 8% compared to the same period in 2021. The Defense, Space & Security division suffered a 24% decline in revenues, while the Commercial Airplanes business line a 3% decline. Has delivered 95 aircraft in the first quarter compared to 77 in the same period last year. There loss per share was $ 2.06 and core loss per share of $ 2.75 (versus $ -1.53 last year), which was affected by $ 212 million in pre-tax charges due to the impact of the war in Ukraine. Boeing has registered a operating cash flow of -3.2 billion dollars. The market, according to Refinitiv data, expected a loss of 27 cents per share on revenues of 16 billion dollars.
“Although the first quarter of 2022 has brought new challenges for our world, sector and business, I am proud of our team and the continued progress we are making towards our key commitments – said Dave Calhoun, Boeing President and CEO – We have increased production and deliveries of the 737 MAX and made important progress on the 787 by introducing our certification plan to the FAA. Despite the pressure on our defense and business development programswe remain on track to generate positive cash flow for 2022 “.
Boeing said the production rate of 737 continues to increase and expects to increase to 31 aircraft per month during the second quarter. The aircraft manufacturer claimed that will suspend production of the 777X, which has not yet been certified by US regulators until 2023, a plan the company says will create $ 1.5 billion in costs starting in the second quarter. Boeing also does not expect deliveries of the aircraft to begin until 2025, more than a year later than previously planned.