Boeing reports another loss, says 2021 ‘inflection point’
NEW YORK: Boeing lost money for the sixth consecutive quarter, but said Wednesday a rebound was within sight with the return of the 737 MAX to service and widespread Covid-19 vaccines.
The aerospace giant, which has been in crisis mode since March 2019 when regulators grounded the MAX for 20 months following two deadly crashes, reported a $537 million loss in the first quarter, in the red once again on weakness in commercial aviation.
“While the global pandemic continues to challenge the 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 recovery,” Boeing Chief Executive Dave Calhoun said in a press release.
