Rising costs from the grounding of its once-bestselling 737 MAX jets have left US aerospace giant Boeing with its first annual loss in net revenue since 1997.
The American plane manufacturer lost $636 million in 2019, after a disappointing fourth quarter which saw a loss of $2.33 per share, the company announced on Wednesday. The annual loss is dramatic compared to Boeing’s results last year, when it posted a profit of $10.46 billion.
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