The company lost $2.9bn in the three months to the end of June, compared to a profit of $2.2bn for the same period last yearBoeing said it could halt production of the 737 Max jet on Wednesday as it reported the company’s largest ever quarterly loss following two fatal accidents involving the plane.The company lost $2.9bn in the three months to the end of June, compared to a profit of $2.2bn for the same period last year. Sales fell 35% to $15.8bn. Chief executive Dennis Muilenburg said production of the plane could be slowed or halted if regulators do not move to lift the ban on the plane. Continue reading…
Source link : https://www.theguardian.com/business/2019/jul/24/boeing-reports-largest-ever-quarterly-loss-following-737-max-grounding
Author : Dominic Rushe in New York
Publish date : 2019-07-24 18:23:37
Copyright for syndicated content belongs to the linked Source.
- UNITED KINGDOM
- UNITED STATES