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Boeing climbs after burning less cash than expected last quarter, despite posting its first annual loss in more than 20 years

26 days ago   |   By Business Insider

Boeing released fourth-quarter earnings Wednesday, reporting the first annual loss in over 20 years.
But the company burned through less cash than expected, providing a glimmer of hope in an otherwise dismal report.
Boeing has struggled to recover financially and reputationally after two crashes of its 737 Max killed 346 people and sent the company into crisis mode.
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After a dismal earnings report, it did not seem like it would be Boeing's morning on the stock market. Then shares jumped as much as 3.83% in pre-market trading.
That's...
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Boeing puts cost of 737 Max crashes at $19bn as it slumps to annual loss

Boeing puts cost of 737 Max crashes at $19bn as it slumps to annual loss

26 days ago   |   By The Guardian

Company lost $636m last year after two deadly crashes forced new airliner to be grounded
Boeing has put the total cost of the two deadly crashes of its 737 Max airliners at nearly $19bn and slumped to its first annual loss in more than two decades. The US manufacturing giant lost $1bn in the fourth quarter as revenue plunged 37% after the worldwide grounding of the 737 Max. The company has suspended new deliveries of the plane in the wake of the biggest crisis in its 103-year history. Over the whole of 2019 Boeing lost $636m.
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Boeing lost $636 million in 2019, its first full-year loss in more than 20 years, as the 737 Max crisis continues

Boeing lost $636 million in 2019, its first full-year loss in more than 20 years, as the 737 Max crisis continues

26 days ago   |   By Business Insider

Boeing reported its first annual loss in more than 20 years on Wednesday, as it continues to grapple with the fallout of the 737 Max crisis.
The aviation giant lost $636 million in 2019. This is the first time it has reported a full-year loss since 1997.
Boeing is still wrestling with the reputational and financial issues caused by two crashes involving the 737 Max, which killed 346 people.
Visit Business Insider's homepage for more stories .
Boeing reported its first annual loss in more than two decades on Wednesday, as the company continues to grapple with the fallout of the 737 Max...
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