Boeing Posts $537 Million Loss in Q1, Less Than a Year Ago

A line of Boeing 777X jets is parked on an unused runway at Paine Field, near Boeing's massive production facility in Everett, Wash., on April 23, 2021. Elaine Thompson AP Photo

Boeing Co. reported a wider than expected first-quarter loss on April 28, although revenue met Wall Street forecasts as the company generated cash by delivering more new airliners than it did a year ago.

Boeing lost $561 million—or $537 million after accounting for a loss attributable to a noncontrolling interest—as the COVID-19 pandemic continued to hurt demand for new planes.