Boeing has reported 6 straight months of negative orders. CEO Dave Calhoun says he hopes aircraft demand will start to recover “somewhere in the second half of next year.”
at Boeing's airline customers and hurt demand for new planes. Boeing was in crisis before the coronavirus spread around the world because of the fallout from two fatal crashes of its 737 Max that claimed 346 lives.
Boeing's defense unit proved more resilient than its commercial business, bringing in $6.6 billion, roughly flat on the year. For the quarter ended June 30, Boeing's net loss narrowed to $2.40 billion, or $4.20 per share, from $2.94 billion, or $5.21 per share, a year earlier, when it posted a nearly $5 billion charge on its beleaguered 737 Max program.
On an adjusted basis, Boeing lost $4.79 per share, compared with a $2.54 per-share loss Wall Street estimated. Boeing's shares were up 1.2% in premarket trading. But the stock is trading at roughly half its value from a year ago. Regulators aren't expected to clear the 737 Max to fly again before the fall.and scarce new orders new Boeing jetliners this year, meaning less cash for manufacturers and suppliers.
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