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Results show Boeing hit hard by both Covid-19 and continued 737 MAX grounding

Creamer Media Senior Deputy Editor
Giant US aerospace group Boeing has reported that its revenues for the first half of this year (1H20) were 26% down on those for the same period last year (1H19). In numbers, 1H20 revenues came to $28.72-billion as against $38.67-billion in 1H19. It suffered a net loss of $3.04-billion in 1H20 against a net loss of $0.79-billion during the same period last year. For the first half of this year its operating cash flow came to minus $9.58-billion, in sharp contrast to $2.2-billion during 1H19.

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