Boeing reports Q4 results with 15 pct decrease in revenue -

Boeing reports Q4 results with 15 pct decrease in revenue - World News


2021-01-27 16:35:58 GMT2021-01-28 00:35:58(Beijing Time) Xinhua English
SAN FRANCISCO, Jan. 27 (Xinhua) -- The Boeing Company on Wednesday reported 2020's fourth-quarter revenue of 15.3 billion U.S. dollars, a 15 percent decrease compared to the same period of 2019, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 737 MAX grounding and 787 production issues.
Its GAAP loss per share of 14.65 dollars reflected a 6.5-billion-dollar pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge, the company said.
Boeing's commercial airplanes fourth-quarter revenue decreased to 4.7 billion dollars.
In commercial airplane programs, the company delivered a total of 59 aircraft in the fourth quarter. The year-to-date delivery through Dec. 31, 2020 reached 157, including two 777Fs respectively to China Southern Airlines and China Cargo, and two 737-800 planes to China Eastern Airlines.

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