Max 737 crisis continues: Company reported significant losses • In the corresponding period last year Boeing reported $ 4.17 billion
Boeing 737 Max // Photo: IP
Against the backdrop of the March 737 Max crisis from March 2019, Boeing reported yesterday a net loss of $ 2.2 billion (or $ 1.79 per share) versus $ 4.17 billion (or $ 5.93 per share) in the same period last year.
The Company's adjusted loss was $ 2.52 billion or $ 2.33 per share. Market expectations were for a adjusted profit of $ 1.47 per share.
More on:
After the ground: Another malfunction was discovered in the Boeing 737 Max
Boeing in trouble: more planes have been grounded
Nearly an accident: Boeing 737 MAX aircraft landed an emergency landing
Following the latest quarterly report, Boeing ended 2019 in its first net loss since 1997. During the last quarter, the company delivered only 79 commercial aircraft, compared to 238 delivered in the same period last year.
