Boeing suffered its first annual financial loss in more than two decades in 2019, when its 737 Max aircraft was grounded following two deadly crashes. The company lost $636 million for the year.
FILE - In this Jan. 25, 2020, file photo a Boeing 777X airplane takes off on its first flight with the Olympic Mountains in the background at Paine Field in Everett, Wash. Boeing Co. reports financial results on Wednesday, Jan. 29.
The company lost $636 million for all 2019, compared with a profit of nearly $10.5 billion in 2018. It was the first annual loss since 1997, when Boeing was roiled by parts shortages, production delays, and expenses from merging with McDonnell Douglas.Slowing demand for larger planes led the company to announce it will reduce production of the 787 Dreamliner from 14 a month to 12 later this year, then 10 early next year.
The Max was grounded worldwide last March, after two crashes within five months killed 346 people in Indonesia and Ethiopia. The crisis torpedoed sales and deliveries of new jetliners, leaving Boeing far behind Airbus. It caused a shutdown in Max production, layoffs at suppliers, and led to the firing of CEO Dennis Muilenburg.
Calhoun insisted the Max “is a sound airplane” that will be safer than ever after extensive tests and scrutiny by the FAA. He said passengers will fly on it once they see pilots get on board.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Boeing posts first annual loss in 22 years because of the 737 Max crisisBoeing reported its first annual loss since 1997 as the cost of the 737 Max crisis continued to climb.
Leer más »
Brazil antitrust regulator gives nod to Boeing-Embraer dealBrazilian antitrust regulator Cade on Monday approved Boeing Co's purchase ...
Leer más »
Former Boeing CEO Muilenburg resigns from Caterpillar boardCaterpillar Inc said on Monday former Boeing Co Chief Executive Officer Dennis M...
Leer más »
Boeing swings to annual loss as 737 MAX costs near $19 billionBoeing Co on Wednesday swung to its first annual loss since 1997 as 737 MAX cost...
Leer más »