NEW YORK, Jan 26 — Boeing reported a hefty fourth-quarter loss today as mounting costs connected to the widebody 787’s woes more than offset the boost from the comeback of the 737 MAX after a lengthy grounding.
The difficulties with the 787 dampened Boeing’s momentum as the airline industry recovers from a devastating slump due to Covid-19. In another positive, though, Boeing has resumed deliveries of 737 MAX, which was grounded for 20 months following two deadly crashes.Chief Executive David Calhoun described 2021 as a “rebuilding year,” noting the progress on the 737 MAX.
Boeing did not offer a timetable for resuming deliveries amid ongoing talks with the Federal Aviation Administration. The company is currently producing the jet “at a very low rate.”
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