{"id":331436,"date":"2020-01-30T11:19:06","date_gmt":"2020-01-30T05:49:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=331436"},"modified":"2020-01-30T11:19:06","modified_gmt":"2020-01-30T05:49:06","slug":"boeing-posts-its-first-annual-loss-since-1979","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-posts-its-first-annual-loss-since-1979\/","title":{"rendered":"Boeing posts its first annual loss since 1979"},"content":{"rendered":"<p>Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass $18 billion when the tab for restarting production later this year is included.<\/p>\n<p>The planemaker is taking a $2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that\u2019s expected to stretch to midyear. Deferred production costs also grew by $2.6 billion, clipping the jet\u2019s long-term profit potential, Boeing said in a presentation Wednesday. That\u2019s on top of more than $9 billion in Max-related costs already disclosed.<\/p>\n<p>Adding to the barrage of bad news, Boeing notched its first annual loss last year since 1997, when it shut down assembly lines amid a supplier meltdown. Looking ahead, the company expects \u201cfuture abnormal costs&#8221; of about $4 billion as it slowly restarts Max production. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boeing Co. closed the financial books on a tragic and tumultuous 2019 by revealing that total costs for its grounded 737 Max will surpass $18 billion when the tab for restarting production later this year is included. The planemaker is taking a $2.6 billion pretax writedown to compensate airlines for ballooning losses from a global flying ban that\u2019s expected to stretch to midyear. Deferred production costs also grew by $2.6 billion, clipping the jet\u2019s long-term profit potential, Boeing said in a presentation Wednesday. That\u2019s on top of more than $9 billion in Max-related costs already disclosed. Adding to the barrage [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-331436","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=331436"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/331436\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=331436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=331436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=331436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}