Boeing posts USD 537 million loss in Q1, less than a year ago

Boeing Co. reported a wider than expected first-quarter loss on Wednesday, although revenue met Wall Street forecasts as the company generated cash by delivering more new airliners than it did a year ago.

Boeing lost USD 561 million — or USD 537 million after accounting for a loss attributable to a non controlling interest — as the coronavirus pandemic continued to hurt demand for new planes.