{"id":397542,"date":"2021-01-28T11:05:52","date_gmt":"2021-01-28T05:35:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397542"},"modified":"2021-01-28T11:30:29","modified_gmt":"2021-01-28T06:00:29","slug":"boeing-reports-11-9-billion-annual-loss-after-hit-on-777x-delay","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-reports-11-9-billion-annual-loss-after-hit-on-777x-delay\/","title":{"rendered":"Boeing reports $11.9 billion annual loss after hit on 777X delay"},"content":{"rendered":"<p>NEW YORK: Boeing concluded a bruising 2020 on Wednesday with another unpleasant surprise: a $6.5 billion hit from delays to its new 777X plane that exacerbated its annual loss.<br \/>\nThe aerospace giant, which saw its revenues ravaged by the commercial airline downturn due to Covid-19 and the 20-month grounding of its 737 MAX model, now expects first deliveries of the widebody 777X in late 2023, compared with the earlier time-table of 2022.<br \/>\nThe accounting for the 777X prolongation pushed Boeing&#8217;s fourth-quarter loss to $8.4 billion, plunging its tally for all of 2020 to $11.9 billion in the red.<br \/>\nThe past year &#8220;was a year of profound societal and global disruption which significantly constrained our industry,&#8221; said chief executive Dave Calhoun. &#8220;The deep impact of the pandemic on commercial air travel, coupled with the 737 MAX grounding, challenged our results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: Boeing concluded a bruising 2020 on Wednesday with another unpleasant surprise: a $6.5 billion hit from delays to its new 777X plane that exacerbated its annual loss. The aerospace giant, which saw its revenues ravaged by the commercial airline downturn due to Covid-19 and the 20-month grounding of its 737 MAX model, now expects first deliveries of the widebody 777X in late 2023, compared with the earlier time-table of 2022. The accounting for the 777X prolongation pushed Boeing&#8217;s fourth-quarter loss to $8.4 billion, plunging its tally for all of 2020 to $11.9 billion in the red. The past [&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":[220,130,137],"tags":[],"class_list":["post-397542","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397542","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=397542"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397542\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}