Boeing loses $641 million in first quarter

Boeing on Wednesday reported a first-quarter loss of $641 million as the aircraft manufacturer faced continued turbulence from the coronavirus pandemic and the yearlong grounding of the 737 MAX.Air travel has collapsed and many carriers have canceled or delayed orders for new aircraft. The MAX, Boeing’s top-selling plane, has been grounded more than a year after crashes in Indonesia and Ethiopia killed a total of 346 passengers and crew.For the same period a year earlier, Boeing reported a profit of $2.15 billion. Revenue this quarter fell to $16.9 billion from $22.9 billion a year ago.”The CO…

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