Boeing reports record net loss of $11.9 billion in 2020

CNBC Television published this video item, entitled “Boeing reports record net loss of $11.9 billion in 2020” – below is their description.

Boeing reported a record net loss of $11.9 billion in 2020 — results that worsened as it pushed out the debut of its 777X plane to late 2023, taking a $6.5 billion charge in the fourth quarter against that wide-body program. CNBC’s Phil LeBeau reports.

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CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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    The Boeing Company (LON: BOE) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services.

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