Boeing Reports Loss Of $636 Million In 2019, First Annual Loss Since 1997

Boeing announced its first yearly misfortune in over twenty years Wednesday as the long establishing of the 737 MAX hauled down incomes and added to costs.

The aviation goliath announced a $1.0 billion misfortune in the final quarter and a $636 million misfortune for all of 2019, the organization’s first yearly misfortune since 1997.

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The MAX has been grounded since March following two lethal accidents. Boeing assessed extra expenses of $9.2 billion associated with the establishing to remunerate to clients and record for the effect of lower creation levels on costs.

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