city Chicago pandemic crisis city Chicago

Boeing posts $8.4 billion loss on weaker demand for planes

Reading now: 418
www.clickorlando.com

Boeing lost $8.4 billion in the fourth quarter on weaker demand for planes during the pandemic and another setback to a new large plane designed for long-haul flights.

In the past two years, Boeing has posted huge losses mostly because of the crisis around two deadly crashes involving its 737 Max.

However, the biggest piece of the fourth-quarter loss reported Wednesday was a pretax charge of $6.5 billion tied to a different plane, the bigger 777X.

Revenue fell 15% to $15.3 billion, as the Chicago company delivered fewer planes to airline customers. Orders for new Boeing jets have tanked in the past two years, first from the worldwide grounding of the Max after two crashes that killed 346 people, then from a pandemic that devastated the

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA