Boeing to cut 787 & 777 jet production as sales fall by 25% in Q2
Business / Boeing to cut 787 & 777 jet production as sales fall by 25% in Q2
Business - Boeing to cut 787 & 777 jet production as sales fall by 25% in Q2
New Delhi: Boeing said on Wednesday it would cut production of its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as quarterly sales tumbled 25% due to the fallout from the Covid-19 pandemic.Net loss narrowed to $2.40 billion in the second quarter ended June 30, from $2.94 billion a year earlier, when the company reported a record loss on charges related to the 737 MAX grounding.The company said sales fell to $11.81 billion from $15.75 billion.