April 29, 2020 / 11:45 AM / a month ago

Boeing posts second straight quarter of loss, to further cut 787 production

April 29 (Reuters) - Boeing Co reported a loss for the second straight quarter and said on Wednesday it would further reduce production of 787 Dreamliner to seven jets a month amid a slump in travel demand.

It expects to resume 737 MAX production at low rates in 2020, but did not give a timeline. The planemaker said it will reduce overall staffing levels with a voluntary layoff program.

The company’s quarterly loss stood at $1.70 billion, or $1.70 per share, compared with a profit of $1.99 billion, or $3.16 per share, a year earlier. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below