Jan 29, 2020 - Economy & Business

Boeing lost money in 2019 for the first time in 20 years

A Boeing 777X airplane taking off
A Boeing 777X airplane taking off on Jan. 25.

Boeing said it lost money last year for the first time since 1997, according to its latest quarterly report.

Why it matters: The company is mired in the biggest crisis in its history. Costs stemming from the grounding and production halt of the 737 MAX, its best-selling plane, is weighing on Boeing’s financials.

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