Boeing Loses $663 Million in 4th Quarter Despite Higher Revenue

Boeing Loses $663 Million in 4th Quarter Despite Higher Revenue
A Boeing 777X airplane takes off on its first flight with the Olympic Mountains in the background at Paine Field in Everett, Wash., on Jan 25, 2020. Ted S. Warren/AP Photo
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Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue.

It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.