Pandemic Piles On Already Reeling Boeing, Leading To Nearly $12 Billion Loss In 2020
The airplane manufacturer was already struggling to fix design flaws in the grounded 737 Max when the pandemic all but froze demand for new aircraft.
Boeing is trying to close the books on a dismal year. The aircraft manufacturer Wednesday reported that the company lost close to $12 billion in 2020, a record loss, as the pandemic depressed demand for new airplanes and the company continued to reel from its 737 Max debacle.Calling it "a year like no other," Boeing CEO Dave Calhoun started a conference call on the company's 2020 financial results by stating an obvious but painful truth."2020 was a
