Apr 24, 2019

Boeing CEO says company will have to "re-earn" public trust

The body of a Boeing 737 MAX airplane at the Boeing Renton Factory. Photo: Jason Redmond/AFP/Getty Images

After Boeing's first earnings report since the second deadly 737 MAX crash, Dennis Muilenburg said Wednesday his top priority was the aircraft's "safe return of service" after a global grounding, and admitted the company will have to "earn and re-earn the trust of the flying public."

Between the lines: In his first extended comments since March's Ethiopian Airlines crash, Muilenberg gave no new updates on the aircraft's flight control software fix or new guidance on when the 737 MAX will be back in service. The company said it will take a $1 billion hit for the the global grounding of its biggest cash machine.

Details:

  • Boeing's profits fell 13% from the same period a year ago — in line with what Wall Street expected — reflecting fewer deliveries of the 737 MAX jets.
  • The company said it was suspending its 2019 financial guidance "due to the uncertainty of the timing and conditions surrounding return to service of the 737 MAX fleet" and would pause its share repurchase program to reserve cash.

Go deeper: Everything you need to know about the Boeing 737 MAX crashes

Editor's note: This story has been updated to include details from Boeing's earnings call.

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3 dead and thousands evacuated as Northern California fires explode

A building at the Meadowood Napa Valley luxury resort burns after the Glass Fire moved through the area on September 28, 2020 in St. Helena, California. Photo: by Justin Sullivan/Getty Images

Three people have died in a wildfire in Northern California and tens of thousands were evacuated across the state, as firefighters contended with strong winds and dry conditions that saw blazes explode across the state on Monday.

Driving the news: Shasta County Sheriff Eric Magrini confirmed the deaths occurred as the Zogg Fire spread across 15,000 acres, forcing the evacuation of 1,200 people. More than for 5o,000 people, per AP.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 33,273,720 — Total deaths: 1,000,555 — Total recoveries: 23,056,480 — Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 7,147,241 — Total deaths: 205,031 — Total recoveries: 2,794,608 — Total tests: 102,342,416 — Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: More than 1 million people have now died from coronavirus — India the second country after U.S. to hit 6 million cases.
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Dave Lawler, author of World
1 hour ago - World

Global coronavirus death toll crosses 1 million

Data: Our World in Data; Chart: Sara Wise/Axios

The global toll of confirmed deaths from COVID-19 crossed 1 million on Monday, according to data from Johns Hopkins.

By the numbers: More than half of those deaths have come in four countries: the U.S. (204,762), Brazil (141,741), India (95,542) and Mexico (76,430). The true global death toll is likely far higher.

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