Boeing Reports Large Loss On $3.8 Bn Costs Tied To 787 Woes
Mohammad Ali (@ChaudhryMAli88) Published January 26, 2022 | 06:50 PM
Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended deliveries due to quality problems
New York, United States, (APP - UrduPoint / Pakistan Point News - 26th Jan, 2022 ) :Boeing reported a hefty fourth-quarter loss Wednesday on mounting costs associated with the widebody 787, of which it has suspended deliveries due to quality problems.
The US aviation giant accounted for a total of $3.8 billion in one-time expenses associated with compensating airlines for delayed deliveries and more costly production processes. Those costs were the biggest factor in the company's $4.1-billion quarterly loss.
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