Boeing 2Q Revenue Falls Nearly $5 Billion Short of Estimates

The transcript discusses Boeing's financial results, highlighting a reported loss of $5.82, which includes the Max charge. Despite this, there are bright spots such as better-than-expected profitability in commercial and defense sectors, and a lower-than-expected use of cash flow. The discussion also covers the Boeing 737 Max grounding, with projections for its return to service in early Q4, and the impact on financial results. Additionally, the Boeing 777X program is progressing, but engine delays are expected to push the first flight to 2020, with potential regulatory impacts on delivery timelines.

What was the reported loss for Boeing, and what did it include?

• A profit of $5.82, excluding the Max charge

• A profit of $5.82, including the Max charge

• A loss of $5.82, excluding the Max charge

• A loss of $5.82, including the Max charge

Why was the use of $1 billion in free cash flow considered a bright spot?

• Because it was unrelated to the expected $3.8 billion

• Because it matched the expected $3.8 billion

• Because it was worse than the expected $3.8 billion

• Because it was better than the expected $3.8 billion

What assumption did Boeing make regarding the 737 Max grounding in their Q2 results?

• The grounding would end in early Q1 of the next year

• The grounding would end in early Q4

• The grounding would end in early Q3

• The grounding would end in late Q4

What is causing the delay in the 777X program?

• Engine delays

• Pilot shortages

• Supply chain issues

• Regulatory approvals

When was the first flight of the 777X initially expected?

• First half of 2020

• Second half of 2019

• Second half of 2020

• First half of 2019