Video PlayerClose 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. Boeing’s global services fourth-quarter revenue decreased to 3.7 billion dollars, driven by lower commercial services volume due to COVID-19. The company’s full-year 2020 revenue was 58.2 billion dollars with GAAP loss per share of 20.88 dollars. Boeing reported a total backlog of 363 billion dollars, including more than 4,000 commercial airplanes. Since the FAA’s approval to return… Read full this story
- Scientist finds ‘glaring omission’ in Deflategate report
- NCAA’s response to damning UNC report will define its future
- Marinelli Report – Week 4 – New Orleans
- Sam Son receives 4.8 million visitors over 10-month period
- Vikings’ slimmed-down Rudolph dances through Arizona’s secondary
- Million dollars, baby: Cost of Big Ten opponents keeps rising
- Ayre says Liverpool heading in right direction despite financial losses
- Mets should go all-in for Nats’ Desmond & other moves that need to happen soon
- Egypt's tourism industry is still reeling but hope is on the horizon
- Ray Anderson taps into NFL background to reshape ASU athletics
Boeing reports Q4 results with 15 pct decrease in revenue have 276 words, post on www.xinhuanet.com at January 28, 2021. This is cached page on Gatofuns. If you want remove this page, please contact us.