Boeing Suffers Record Losses in 2020

A trifecta of business cataclysms—COVID-19’s impact on air travel, the 737 MAX grounding, and a slow recovery in international air travel that has depressed demand for widebody aircraft—has dramatically impacted Boeing’s bottom line. In releasing its fourth-quarter 2020 financials today, Boeing says revenue declined by 15% in the fourth quarter and was down overall by 24% for the year compared to 2018, which was a significantly down year compared to 2018. Boeing’s net loss for 2020 of $11.9… (www.avweb.com) Mehr...