Jan 29, 2020 - Economy & Business
Boeing lost money in 2019 for the first time in 20 years
- Courtenay Brown, author of Axios Macro
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.