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Boeing sees losses slim over first quarter | Information

Boeing has reported a internet lack of $561 million for the primary quarter of 2021, a modest enchancment on the $641 million in losses reported for a similar interval final yr.

The figures signify a sixth straight quarterly loss for the manufacturing large.

Income for the primary three months of the yr slipped ten per cent, down from $16.9 billion to $15.2 billion for the interval.

“I’m happy with the progress our international staff made throughout our enterprise within the first quarter as we continued to rework our enterprise, strengthen our security processes and maintain crucial investments for our future,” mentioned Boeing chief govt, Dave Calhoun.

“Whereas the worldwide pandemic continues to problem the general market setting, we view 2021 as a key inflection level for our business as vaccine distribution accelerates and we work collectively throughout authorities and business to assist allow a strong restoration.

“Our balanced industrial, defence, house and companies portfolio proceed to supply crucial stability for our enterprise – and we stay targeted on security, high quality and integrity as we ship on our buyer commitments.”

Boeing delivered 77 industrial plane within the first three months of the yr, up from 50 for a similar interval final yr.

The change was largely pushed by a return to service of the Boeing 737 Max after two years out of service following two deadly crashes.

The corporate secured orders for 100 737 plane from Southwest Airways in the course of the interval, in addition to for 25 from United Airways and 23 from Alaska Airways.

Atlas Air additionally ordered 4 747 freighter plane.

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