Boeing loses half a billion dollars amid a pandemic

In the first quarter of 2021, the airline suffered losses of $561 million due to the effects of the spread of the coronavirus.

In the first quarter of this year, the American aircraft corporation Boeing suffered losses of $561 million due to the consequences of the pandemic of the new coronavirus. This is evidenced by the company’s corporate statements published on Wednesday.

For the three-month period that ended March 31, Boeing’s net loss was $561 million, and revenue was $15.21 billion. During the same period last year, the company recorded losses of $641 million and revenue of $16.9 billion.

As the head of Boeing, David Calhoun stressed, he expects that during the economic recovery from the consequences of the pandemic, the company will be able to maintain “confident development, focusing on ensuring the safety and quality” of its products. “As the global pandemic continues to have a negative impact on the development of markets, we see 2021 as a key year for our industry, as the spread of vaccines gathers pace, and we are increasing cooperation with the authorities and within the industry to ensure a confident recovery,” he said.

The document also emphasizes that Boeing continues to work on the full return to service of the Boeing 737 MAX model aircraft. Since November last year, when the head of the US Federal Aviation Administration, Stephen Dickson, signed an order providing conditions for the resumption of flights of these airliners, the company has delivered “more than 85 aircraft” of this model to customers, 21 airlines have returned them to operation.

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Author: Ivan Maltsev
The study of political and social problems of different countries of the world. Analysis of large companies on the world market. Observing world leaders in the political arena.
Function: Chief-Editor
Ivan Maltsev

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