Boeing reported lower first-quarter revenue than a year ago, when it was in the midst of the 737 Max crisis, hurt by delays in 787 deliveries and a global pandemic that continues to depress airlines’ demand for planes.
Revenue fell 10 per cent to $15.2bn in the first quarter, and the company reported a net loss of $561m. Its loss shrank slightly from the $641m net loss it posted for the same period a year ago.
“While the global pandemic continues to challenge the overall market environment, we view 2021 as a key inflection point for our industry as vaccine distribution accelerates, and we work together across government and industry to help enable a robust recovery,” chief executive David Calhoun said.
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