Boeing reports its 1st loss in 2 decades; lost $636 million in 2019
R Sinduja
News Editor
Image Credit: shortpedia
Boeing reported its annual loss, a first in over 2 decades, as 737 Max crisis continues to hit the company. The aviation firm lost $636 million in 2019 and its the first time since 1997. It also lost $1.01 billion in the 4th quarter of 2019. The company said financial results continue to be significantly impacted by the 737 Max grounding. Now, it is expecting the bill for the grounding to surpass $18 billion.
