Plane maker beat lowered expectations but still burned billions in response to crisis and reported first revenue drop in seven quarters
Boeing on Wednesday reported it had burned through nearly $4bn in the last quarter as it dealt with the consequences of a mid-flight blowout of a cabin panel on a brand-new Boeing 737 Max 9 jet.
But the US aircraft maker beat Wall Street expectations that were lowered after the incident prompted it to slow production of its bestselling jets.
More Stories
Dutch climate campaigners vow to take Shell to court again
Australia has been hesitant – but could robots soon be delivering your pizza?
‘So many are devastated’: Trump’s federal firings and their ripple effect