Boeing has announced its financial statements for the fourth quarter of 2020. Accordingly, the company lost $ 8.4 billion in the last quarter of last year. The company announced a loss of $ 1 billion in the same period of 2019.
Boeing’s net loss reached a record level of $ 11.9 billion in 2020. The company completed 2019 with a loss of $ 636 million.
The company’s revenue in the fourth quarter of last year was $ 15.3 billion, down 15 percent compared to the same quarter of 2019. Boeing generated $ 17.9 billion in revenue in the last quarter of 2019.
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Boeing’s revenue in 2020 was recorded as $ 58.2 billion, down 24 percent. The company’s revenue was $ 76.6 billion in 2019.
The company’s loss per share, which was $ 1.79 in the fourth quarter of 2019, increased to $ 14.65 in the last quarter of 2020.
In Boeing’s statement, it was noted that the suspension of the 737 MAX type passenger aircraft and the Kovid-19 outbreak significantly affected the financial results of the company.
Boeing stopped deliveries of “737 Max” type passenger planes as soon as they had two plane crashes and in March 2019 banned the flights of these planes. The company was the target of criticism due to the accidents caused by the production failure in the flight control system of the “737 Max” type passenger aircraft.
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