Video PlayerClose SAN FRANCISCO, Jan. 27 (Xinhua) — The Boeing Company on Wednesday reported 2020’s fourth-quarter revenue of 15.3 billion U.S. dollars, a 15 percent decrease compared to the same period of 2019, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 737 MAX grounding and 787 production issues. Its GAAP loss per share of 14.65 dollars reflected a 6.5-billion-dollar pre-tax charge on the 777X program and a tax valuation allowance, partially offset by a lower 737 MAX customer considerations charge, the company said. Boeing’s commercial airplanes fourth-quarter revenue decreased to 4.7 billion dollars. In commercial airplane programs, the company delivered a total of 59 aircraft in the fourth quarter. The year-to-date delivery through Dec. 31, 2020 reached 157, including two 777Fs respectively to China Southern Airlines and China Cargo, and two 737-800 planes to China Eastern Airlines. Boeing’s global services fourth-quarter revenue decreased to 3.7 billion dollars, driven by lower commercial services volume due to COVID-19. The company’s full-year 2020 revenue was 58.2 billion dollars with GAAP loss per share of 20.88 dollars. Boeing reported a total backlog of 363 billion dollars, including more than 4,000 commercial airplanes. Since the FAA’s approval to return… Read full this story
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