Boeing posts its first annual loss in 22 years because of the 737 Max crisis
The company reported a net loss of $636 million last year, compared to a $10.5 billion profit it made in 2018. But its core commercial aircraft operation lost $6.7 billion last year, almost entirely because of Boeing's continued problems with the 737 Max. Revenue for the year plunged 24% because Boeing stopped deliveries of the 737 Max in March. Boeing said it will pay an additional $2.
Boeing also expects a cost increase of $4 billion in 2020 because of at temporarily shutdown of production earlier this month. Calhoun said last week it expects to restart the line in two or three months even without final approval for the plane to fly again. All told the 737 Max crisis has cost Boeing more than $17 billion.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Brazil antitrust regulator gives nod to Boeing-Embraer dealBrazilian antitrust regulator Cade on Monday approved Boeing Co's purchase ...
Consulte Mais informação »
Former Boeing CEO Muilenburg resigns from Caterpillar boardCaterpillar Inc said on Monday former Boeing Co Chief Executive Officer Dennis M...
Consulte Mais informação »
Boeing secures financing commitments for over $12 billion: sourceBoeing Co has secured financing commitments for more than $12 billion from over ...
Consulte Mais informação »