Put the deliveries in context here. How do we
think about the first quarter relative to what's been going
on? Frankly? With Boeing? Yes. So
, I, I think the first quarter really isn't
, isn't gonna matter. The deliveries aren't gonna matter
that much. They're a bit of an aberration.
Right. Boeing is in the middle of these investigations
from the, the FAA, they're putting together their
plan for how they're going to stabilize production, uh
, impro improve quality, uh, going forward.
And so we kind of knew it was going to
be a light quarter. It was lighter than even
we expected. I think I was kind of hoping
that they, they could deliver more of the airplanes
. They have an inventory, they have a number
of airplanes in inventory already built, probably need some
small modifications to get them out to customers. Uh
, those are really sort of dragged financials too.
So it was a little bit light, but I
think what really matters here is gonna be their containment
of cash burn during the quarter and we're gonna look
for them, you know, to come out of
this quarter. Give us a sense for what the
plan is. To to improve production quality. Uh
and at Bloomberg Intelligence, you know, we sort
of, we've got them modeled for a 38 a
month rate on the 737 in four Q. So
we kind of look for them to recover to where
they should have been now before the loss of the
door plug in the Alaska airplane by the end of
the year. So again, I think really cash
burn is gonna matter the most when they were per
earnings earnings. This was a little bit expected earnings
out on April 24th estimated before market. Now it's
dropped, the stock has dropped more than 30% already
this year. It has declined every day for the
last seven days. What turns the story around is
it just about the CEO at this point, a
new one that I think a lot of it is
, right? So what really turns the story around
is improving the manufacturing process, improving quality and increasing
the build rate for the 737 which is their primary
money maker, cash generator. The problem we have
now, right is we're waiting for the new CEO
. We already know Dave Calhoun is gonna leave and
we're in this vacuum, right? Because we don't
know what the new CEO is playing is gonna be
and Dave Calhoun can't really speak for him. So
the challenge I think for people that are, you
know, in the stock is trying to figure out
who that next person is what their plan is gonna
be. And until you get that person in place
, I think it's really hard, you know,
it's, it's really hard to understand the story forward
for Boeing. Right.