Boeing posts $1.2 bn deficit in first quarter, which is higher than predicted
Boeing reported a $1.2 billion loss in the first quarter, owing to huge write-downs and losses in both its civilian and defence aircraft sectors. The loss exceeded Wall Street’s predictions, and the company’s quarterly sales also fell short of projections. Boeing depleted its cash reserves by $3.2 billion. On CNBC, CEO David Calhoun admitted to … Read more
