Boeing posts fourth straight quarterly loss as sales slump

In this news, we discuss the Boeing posts fourth straight quarterly loss as sales slump.

(Reuters) – Boeing BA.

Boeing said it was sticking to the deeply reduced widebody production rates announced in July, as well as the goal of achieving a build rate of 31 narrowbody per month by early 2022.

The aircraft maker said defense sales fell 2% to $ 6.85 billion, while commercial aircraft revenues fell 56% to $ 3.60 billion.

Excluding items, Boeing lost $ 1.39 per share in the third quarter ended September 30.

Reporting by Eric M. Johnson in Seattle and Ankit Ajmera in Bengaluru; Edited by Anil D’Silva

Original © Thomson Reuters

Originally posted 2020-10-28 14:06:11.

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