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00:02Boeing reported first quarter results that beat expectations and said it plans to increase 737
00:08max production to 47 aircraft per month from 42 this summer as it works to reduce losses,
00:14according to CNBC. Further increases in 737 max production require Federal Aviation
00:20Administration approval following a near-catastrophic fuselage door plug blowout
00:24in January 2024. The company reported an adjusted loss of $0.20 per share on $22.22 billion in
00:32revenue, compared with estimates for a loss of $0.83 per share on $21.78 billion.
00:39Revenue rose 14%, and net loss narrowed to $7 million from $31 million a year earlier.
00:46CEO Kelly Ortberg said customer feedback on aircraft quality is improving,
00:50and said demand has not slowed since the Middle East war began.
00:53Boeing expects certification of the 737 max 7 and max 10 later this year.
00:58For all things money, visit Benzinga.com.
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