Boeing (BA) Q1 2021 earnings report: Another loss


Boeing on Wednesday posted its sixth consecutive quarterly loss as it continues to struggle with production issues and a weak jetliner market but said it expects 2021 to be a turning point as more people are vaccinated and travel again.

The plane manufacturer reported a net loss of $561 million for the first three months of 2021 on revenue of $15.2 billion, 10% lower than last year but slightly ahead of analysts’ estimates. Boeing reported a $318 million pretax charge related to issues with a supplier in its modified 747 plane used as Air Force One.

On an adjusted per-share basis, Boeing lost $1.53, a narrower loss than the adjusted $1.70 per share loss it reported a year ago.


Source cnbc.com

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