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Boeing Posts $537 Million Loss In Q1, Less Than A Year Ago

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A line of Boeing 777X jets are parked nose to tail on an unused runway at Paine Field, near Boeing's massive production facility, Friday, April 23, 2021, in Everett, Wash. Boeing Co. on Wednesday, April 28, reported a loss of $537 million in its first quarter. The Chicago-based company said it had a loss of 92 cents per share. Losses, adjusted for non-recurring gains, were $1.53 per share. (AP Photo/Elaine Thompson)

Boeing is posting another loss as the pandemic continues to undercut demand for new planes and the company deals with more problems around its 737 Max jetliner. Boeing Co. said Wednesday it lost $537 million in the first quarter. That’s less than the company lost a year ago but still more than analysts expected. Since the quarter ended, Boeing has suffered a new setback with its 737 Max jetliners, more than 100 of which are now parked again because of issues around electrical grounding of some parts. CEO David Calhoun says 2021 is an “inflection point” for Boeing, with distribution of vaccines against COVID-19 picking up and helping the airline industry.

 

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