US and Europe suspend Airbus-Boeing dispute as they hint threat from China

Boeing delays its latest aircraft as losses rise 2022-04-27 07:26:34

US and Europe suspend Airbus-Boeing dispute as they hint threat from China

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The company announced Wednesday that it will temporarily halt the start of production of its 777-9 passenger jet, the latest version of the 777X passenger jet. Demand for long-haul and wide-body passenger jets, a key to Boeing’s aircraft business, continues to be hurt by weak demand for international flights during the pandemic. Boeing will continue to build a freighter version of its 777.

The company posted a base operating loss of $1.5 billion in the first quarter, far worse than the $353 million operating loss that Boeing recorded in the first quarter of 2021. Analysts surveyed by Refinitiv expected a base operating loss of just $399 million in this quarter.

shares Boeing (Bachelor of)a component of the Dow Jones Industrial Average, was down about 4% in pre-market trading.

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