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Boeing’s Losses Narrow But Sales Tumble As Outlook Remains Bleak

Boeing’s Losses Narrow But Sales Tumble As Outlook Remains Bleak
Boeing President and CEO Dave Calhoun. Photo: Boeing

Boeing [BA] on Wednesday reported a loss in its second quarter, but not quite as bad as a year ago, as sales fell sharply on fewer commercial aircraft deliveries due to continued weakness in the 737 MAX passenger jet program, temporary shutdowns of some facilities in the spring, and the ongoing impacts to airlines from the novel coronavirus. The net loss of $2.4 billion, $4.20 earnings per share (EPS), was less than the $2.9 billion ($5.21 EPS) loss a year…

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