Boeing loses $663 million in 4Q despite higher revenue
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50 Articles
Boeing Loses $663 Million in 4th Quarter Despite Higher Revenue
Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue. It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently. Boeing lost $5 billion for the full year, pushing its losses since the start of 2019 to nea…
Boeing loses $663 million in 4Q despite higher revenue – KION546
By DAVID KOENIG AP Airlines Writer Boeing is reporting a loss of $663 million in the fourth quarter. Revenue is up, but so are production costs as Boeing struggles with supply-chain problems. Boeing reported fourth-quarter results on Wednesday, and it was another disappointing quarter for the aerospace giant. The loss is a surprise to analysts,
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