Boeing Co said on Wednesday it paused 737 MAX deliveries over an electrical issue that has partly re-grounded the fleet, and sounded notes of caution over surging coronavirus cases in India and simmering U.S.-China geopolitical tensions.
Boeing’s shares fell nearly 3% after the U.S. planemaker reported its sixth straight quarterly loss and a charge on its high-profile Air Force One presidential jet program.
The smaller loss and a barrage of technical and financial challenges clouded optimism over a resurgent U.S. domestic travel market fueled by vaccinations and pent up demand.
“We view 2021 as a critical inflection point for our industry,” Chief Executive Dave Calhoun told analysts on a conference call.
