Boeing posts first losses in 20 years after 737 Max line shutdown

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades.

By

National News

January 30, 2020 - 12:35 PM

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.

New CEO David Calhoun on Wednesday stood by his estimate that regulators will certify changes Boeing is making to the 737 Max by mid-year.

Calhoun criticized the company’s prior leadership for not immediately disclosing a trove of damning internal communications that raised safety questions about the Max. He promised to be more transparent.

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