{"id":412605,"date":"2021-04-29T08:37:26","date_gmt":"2021-04-29T03:07:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=412605"},"modified":"2021-04-29T09:03:35","modified_gmt":"2021-04-29T03:33:35","slug":"boeing-posts-537-million-loss-in-first-quarter-less-than-a-year-ago","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-posts-537-million-loss-in-first-quarter-less-than-a-year-ago\/","title":{"rendered":"Boeing posts $537 million loss in first quarter, less than a year ago"},"content":{"rendered":"<p>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.<\/p>\n<p>Boeing lost USD 561 million or USD 537 million after accounting for a loss attributable to a noncontrolling interest as the coronavirus pandemic continued to hurt demand for new planes. <\/p>\n<p>After the quarter ended, Boeing suffered a new setback with its 737 Max jetliners, more than 100 of which are now parked again because of issues around electrical grounding of some parts. <\/p>\n<p>CEO David Calhoun said the pandemic continues to challenge the market for planes but said the company sees 2021 as a turning point, with distribution of vaccines against COVID-19 picking up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 noncontrolling interest as the coronavirus pandemic continued to hurt demand for new planes. After the quarter ended, Boeing suffered a new setback with its 737 Max jetliners, more than 100 of which are now parked again because of issues around electrical grounding of some parts. CEO David Calhoun said the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-412605","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412605","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=412605"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/412605\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=412605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=412605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=412605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}