Boeing Loses $425M in 1Q but Plans Production Boost for Max

Boeing Loses $425M in 1Q but Plans Production Boost for Max
The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange on July 13, 2021. Richard Drew/AP Photo
The Associated Press
Updated:

Boeing lost $425 million in the first quarter—more than Wall Street expected—but said Wednesday that it plans to boost production of its best-selling plane, the 737 Max, later this year.

Revenue rose 28 percent from a year earlier, as airlines scooped up new jets to meet rising travel demand, and the company stood by its forecast of producing $3 billion to $5 billion in cash flow this year.