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Boeing postpones annual guidance amid 737 Max crisis

Chief David Calhoun says jet maker has ‘much to prove’ as he prepares to address investors

Boeing declined to give its usual annual guidance alongside its latest quarterly results, as the aerospace and defence company tried to deal with the fallout from a mid-air incident on one of its 737 Max 9 jets in early January.

Chief executive Dave Calhoun wrote in a note to employees on Wednesday that “now is not the time” to share financial or operational objectives as executives prepared to address investors publicly for the first time since part of the fuselage blew out during an Alaska Airlines flight on January 5.

Wall Street had pencilled in net income of $3.1bn on revenue of $89.5bn for 2024, according to a LSEG survey of analysts.

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