FIRST AIRED: April 24, 2019

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00:00:00
one billion dollars that's what Boeing says is the financial damage so far from two deadly airline crashes involving its best selling seven thirty seven MAX jets in an ounce in its quarterly earnings Wednesday blowing the band in its twenty nineteen outlook and halted its planned share buybacks in the wake of production cuts and delayed deliveries anti stall software in the seven thirty seven Max is a suspected because in the crash of an Ethiopian airlines flight in March and a lion air flight in October that killed a combined three hundred forty six people Reuters Tracy risen scheme zero Dennis Williamsburg %HESITATION really tried to reassure her %HESITATION investors that the company knows %HESITATION what it needs to do to fix this issue but you know it's it's clear that that the company has a lot to do to restore public trust in in this aircraft %HESITATION I think they're aware of that %HESITATION but you know it's something that that is going that that that they're going to have to build back over time despite the worst crisis in its one hundred two year history Boeing's cash flow from sales of other jetliners and military hardware remain strong we're making steady progress toward certification earlier this month company CEO Dennis Wallenberg try to win back confidence saying the company was on path toward certification of a software upgrade after completing more than one hundred thirty five test and production flights