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Boeing Delays 777X EIS to 2023 amid Low Numbers

MIAMI – Boeing has reported a total revenue loss of $15.3bn in the fourth quarter of 2020, delaying the delivery of the first 777X to late 2023, a company press release states today.

According to its financial report, the company had major losses in operations (US$8.04bn), and cash flow (US$4bn), as well as a loss per share of US$14.65 and a net loss of US$8.4bn.

Commercial airplane revenue also decreased to US$4.7bn, mainly led by a COVID-19-driven lower wide-body delivery volume and 787 production issues, partially balanced by higher Boeing 737 deliveries and a lower 737 MAX customer consideration.

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Source:: “Airways Magazine”

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