Boeing slowed production for commercial jets including its grounded 737 MAX and confirmed plans to discontinue the iconic 747 widebody amid dwindling demand from airline customers battered by the coronavirus pandemic.The planemaker, which has long battled with rival Airbus SAS for dominance in a global duopoly, lost $4.79 a share in the three months through June, nearly twice the $2.54 estimate from Wall Street analysts surveyed by Refinitiv.
Sales slid 25 percent to $11.8 billion, Boeing said Wednesday.An upgrade to the 777X, a twin-aisle jetliner once slated to reach its first customer next year, will be pushed back to 2022 and manufacturing of the 747 will end the same year, CEO David Calhoun said in a letter to employees.RELATED: Troubl.