Boeing Company (BA): "Boeing CEO: 'Clearly on good path&#...

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bar1080

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Wednesday, 07/28/2021 11:14:02 AM

Wednesday, July 28, 2021 11:14:02 AM

"Boeing CEO: 'Clearly on good path' to full recovery"

* "Dave Calhoun, president and CEO of Boeing (NYSE:BA), said Wednesday that the airplane maker's latest quarterly results proved it was "clearly on a good path" to full recovery, though he admitted that the firm was "nowhere near where we want to be."

* Speaking to CNBC, Calhoun characterized 2021 as a "transition year," noting that domestic travel had begun to bounce back after COVID but acknowledging the slow rebound in international trips.

* The Boeing CEO predicted that airlines around the world would be ready to ramp up international travel by the second half of 2022, meaning the company needed to be ready for a full recovery in 2023.

* Calhoun's comments followed the release of better-than-expected Q2 earnings. The company reported a surprise profit for quarter, reversing a loss posted in the same period last year."

https://seekingalpha.com/news/3720511-boeing-ceo-clearly-on-a-good-path-to-full-recovery

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