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Boeing reported on Tuesday an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S ...
The troubled aerospace giant Boeing says it delivered just 348 aircraft to its customers last year, its lowest output since the pandemic. Boeing ended the year with a backlog of 5,595 unfilled orders.
Every year it seems like Boeing (NYSE: BA) runs into more trouble. Some problems -- such as the tragic 737 MAX accidents -- are self-inflicted. Others, like the COVID-19 pandemic, are out of its ...
Boeing reported a massive third-quarter loss, partly due to billions in charges from its airline programs as well as the current strike. Boeing reports $6.1 billion loss as strike takes toll on ...
In January 2020, Boeing was said to be securing a loan of $10 billion or more to face rising costs due to the MAX crisis. [ 70 ] [ 71 ] Presenting its 2019 financial results, Boeing doubled its projection to $18.4 Bn after another $9.2 Bn in losses: a $2.6 Bn write-off , $2.6 Bn for lower 737 production, and $4 Bn as an account book loss.
The COVID-19 pandemic has had a significant impact on the airline industry due to travel restrictions and a decimation in demand among travelers. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many ...
In July 2020, WestJet retired its entire Boeing 767-300ER fleet due to old age and disruptions caused by the pandemic, in favor of only using Boeing 787-9 Dreamliners for long-haul routes. [213] It was, however, announced in April 2020 that the commencement of Zipair Tokyo would be postponed due to the pandemic. [214]
(Boeing continued to build the 737 Max throughout the crisis). Then, of course, the pandemic happened, which dealt an even tougher blow to the company, resulting in nearly $12 billion in losses ...