Boeing posts fourth straight quarterly loss as sales slump amid the pandemic

Boeing reported its fourth straight quarterly loss on Wednesday as the coronavirus crisis and the 737 MAX jet grounding hurt sales, while reaffirming its expectation that U.S. deliveries of the aircraft would resume before year-end.

Boeing said it was sticking with its deeply reduced widebody production rates announced in July, as well as the goal to hit a build rate of 31 narrow bodies monthly in early 2022.