Boeing slumps to £276m loss as midair blowout crisis deepens
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Boeing Posts $355 Million Loss
(Associated Press) – Boeing said Wednesday that it lost $355 million on falling revenue in the first
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Boeing losses, problems continue to mount
Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line. Boeing reported a core operating loss of $388 million, or $1.13 a share, from the $440 million it lost on that basis a year earlier. That was significantly less than analysts’ forecast of $1.63 a share in the quarter. But the improvement came from outside its...