The company reported a net loss of $636 million last year, compared to a $10.5 billion profit it made in 2018. But its core commercial aircraft operation lost $6.7 billion last year, almost entirely because of Boeing's continued problems with the 737 Max. Revenue for the year plunged 24% because Boeing stopped deliveries of the 737 Max in March. Boeing said it will pay an additional $2.
Boeing also expects a cost increase of $4 billion in 2020 because of at temporarily shutdown of production earlier this month. Calhoun said last week it expects to restart the line in two or three months even without final approval for the plane to fly again. All told the 737 Max crisis has cost Boeing more than $17 billion.
Breaking News!!! Butt Dial!
They should be bankrupt. Pay the families that were killed.
Yea, people died because some ceo need his bonus check.
First annual loss in 22 years. Recession proof industry. We don't hear enough about this. Wonder what they pay in taxes.
Boeing planes are safer than any other planes, especially foreign companies. I bet many many of you all fly Boeing planes. And plane crashes are mainly caused by pilot errors.
One of Boeing’s products has killed hundreds of innocent victims ! It’s mind boggling that they would continue to push the 737 knowing people will not want to get into one !
Take some of that 36 million from the disgraced ex boss. How did he earn anything? Capitalism doesn't work lol
“Designed by clowns. Supervised by monkeys.”
Again Americans can’t manufacture - poorly educated, insubordinate and strong unions will send this country’s prime company overseas soon
Dont fret! The govt will give them a big bail out! They will be back to ripping people off in no time!
Probably still get millions in bonuses this year
Jobs over Life, CEO corporate greed. Without the FAA and other countries banning them. Trump would of let them fly and kill more people.
Fix the damn plane
It's not really a sign of a healthy economy for the country to expect companies to make profits for two decades, at some point we might need fewer planes
The designers of the plane should be tried for 2nd degree murder. The company should pay victims families compensation. The company should held liable for murder also. 😡
Revenue for the year plunged 24% because of the halt in deliveries of 737 Max in March
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Most of that loss - $2.5 billion - came in the last three months of 2019.
Boeing company reported a $4 billion loss in 2019 as the cost of 737 Max crisis continued to climb.
Karma’s a NastyWoman.
Hello guys, if there any one know this site
I had friends and family who stuck with CNN for years, after the embarrassment of Don Lemon they decided its time to change the channel, what a disgrace for CNN Don is but truly despicable you allow it
Who cares? People have died!
screw them and their lost!!! People lives lost, family shattered, and they want to talk about a stupid human made form of exchange. if only I could, I’d thanos everyone that put money first before human!
Turbulent times boeing737max Boeing
Over 300 people are dead. Boeing should put the 737 Max out to pasture as a very costly mistake
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