Boeing Loses $1.6 Billion on Fewer Deliveries of Airliners and Higher Costs for Air Force One

Boeing Loses $1.6 Billion on Fewer Deliveries of Airliners and Higher Costs for Air Force One
Boeing 737 Max airplanes sit parked in a storage lot near Boeing Field in Seattle on April 26, 2021. Ted S. Warren/AP Photo
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Boeing reported a $1.64 billion loss for the third quarter as it delivered fewer of its best-selling but problem-plagued 737 Max airliner and sunk more money into building two new Air Force One presidential jets.

The aircraft maker on Wednesday lowered its forecast of 737 production to between 375 and 400 planes this year, down from a previous estimate of 400 to 450.