Aerospace giant posts biggest-ever quarterly loss after taking $7 billion hit on grounding of best-selling jet
Boeing Co. said it might slow or halt production of its 737 MAX jetliner if regulators don’t approve its return to service by the end of this year.
The warning came as the aerospace giant on Wednesday reported its biggest quarterly loss to date, after taking an initial $7 billion hit on the grounding and slowed production of the MAX.
Chief Executive Dennis Muilenburg said on a call with analysts that while Boeing plans to continue producing 42 of its 737 jets a month and boost that rate to 57 next year, any slippage in the timeline for the return of the MAX could oblige the company to lower output.
Excerpt from WSJ
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