Boeing posted a record annual loss of $12 billion on Jan. 27 as fourth-quarter revenue fell to $15.3 billion, a 15% decline compared to the same quarter last year. The aircraft-maker lost $14.65 a share compared to a loss of $1.79 a share in 2019.
Revenue in the commercial airplanes division fell 37% year-on-year to $4.7 billion in the quarter, as Covid-19 led to lower deliveries of wide-bodied planes. The company’s defense, space and security division posted a 14% revenue increase.Source: REUTERS/Karen Ducey
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