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Boeing reported its first annual loss since 1997
AFP
| 2020/01/29 | 642 words
| LE JOURNAL DE L'AVIATION | INDUSTRY / TECHNOLOGY
Boeing reported its first annual loss in more than two decades Wednesday as the lengthy grounding of the 737 MAX undercut the company's revenues and exploded costs.The aerospace giant reported a $1.0 billion loss in the fourth-quarter and a loss of $636 million for all of 2019, the company's first year in the red since 1997.Newly-installed Chief Executive David Calhoun, who took the reins this month to stabilize the situation, pledged to turn the company around even as Boeing disclosed $9.2 ...(…)
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