Boeing: loss widens as sales decline by 15%

(CercleFinance.com) - US aerospace giant Boeing on Wednesday reported a wider fourth-quarter net loss amid asset write-downs and slumping sales.


The planemaker posted a net loss of 8.4 billion dollars, or 14.65 dollars per share for the three months ended 31 December, compared with a loss of 1 billion dollars, or 1.79 dollar per share a year ago.

The latest loss included a 6.5 billion dollar pre-tax charge on the long-haul jet 777X, for which Boeing now anticipates an initial delivery in late 2023.

Revenue fell 15% to 15.3 billion dollars, reflecting lower commercial deliveries and services volume due to Covid-19, as well as 787 production issues.

The stock was down over 3% in pre-market trading on the New York Stock Exchange

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