1761750999 unnamed file.jpg

Earning blow: Boeing hit by $5.4-billion loss as 777X delays mount; $4.9-billion charge adds pressure on turnaround

Boeing reported a $5.4 billion loss for the third quarter on Wednesday as persistent certification delays for its 777X aircraft forced the company to book an additional $4.9 billion charge, according to an AFP report.The aviation major, however, posted a 30% year-on-year rise in revenue to $23.3 billion, driven by higher commercial jet deliveries. But…

Read More