Boeing’s CEO, Kelly Ortberg, said Wednesday that he doesn’t expect Commercial War with China To prevent the company’s financial recovery, nor avoid reaching the aircraft delivery objectives with Chinese airlines that now refuse to accept Boeing airplanes.
Speaking on CNBC, Ortberg said that Boeing had three planes in China ready for delivery, but that two of them had been returned to Seattle so far because Beijing has stopped taking deliveries due to the dispute with the United States.
While the company had planned to send around 50 airplanes to China this year, Ortberg said Boeing will be “quite pragmatic” in the future.
“For those planes that have not yet been built, we will seek to redirect them to other customers,” he said. “For the planes that have been built, we call it remarketing. There are many customers looking for the maximum plane.”
President Donald Trump announced radical tariff Put a partial retention of 90 days on import taxes and increase your already steep tariffs against China up to 145%.
On Tuesday Secretary of the United States Treasury Scott bets He said in a speech than the continuum Rate confrontation Against China is unsustainable and awaits a “decalcalation” in the commercial war between the two largest economies in the world.
Boeing reported its financial results of the first quarter on Wednesday, publishing an adjusted loss of 49 cents per share in revenue of $ 19.5 billion. The results exceeded the expectations of the analysts surveyed by Zacks Investment Research, which required a loss of $ 1.54 per share in revenue of $ 19.29 billion.
The company also significantly reduced its cash burning to approximately $ 2.29 billion almost $ 4 billion in the previous year.
Boeing’s actions, based in Arlington, Virginia, increased more than 6% in morning negotiation.
