day : 10/08/2020 2 results

Boeing Cuts Production Targets Following Large Quarterly Loss

Airliners and aircraft producers alike have still been experiencing the impact of the COVID-19 pandemic. As cases continue to rise in the U.S., many companies are struggling to stay afloat as they see massive drops in profit. Boeing is chief among these, as the pandemic has derailed their plans to recover following the grounding of their 737 Max model last year. Last week, Boeing reported a $2.4 billion loss for the second quarter. This is down from the $2.94 billion net loss a year earlier, ...