Latest Boeing loss shows drag of pandemic, production problems


Source: newsbreak.com newsbreak.com

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Boeing lost money for the sixth consecutive quarter as production issues dragged down revenues, but on Wednesday pointed to signs of an uneven airline industry recovery as Covid-19 vaccines become more widespread. The aerospace giant has been in crisis mode since March 2019 when regulators grounded the MAX for 20 months following two deadly crashes, but cited the United States and China as especially resilient markets. "While the global overall market environment, we view 2021 as a key inflection point for our industry as vaccine distribution accelerates and we work together across government and industry to help enable a robust...