Lurching From Crisis to Crisis, Boeing Delays 777X With Demand Hobbled

Lurching From Crisis to Crisis, Boeing Delays 777X With Demand Hobbled
Boeing facilities are seen in Los Angeles, on April 22, 2016. Lucy Nicholson/Reuters
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Boeing Co. took a $6.5 billion charge on its all-new 777X jetliner as the company posted a record annual loss on Jan. 27 because of the coronavirus pandemic and in the aftermath of the two-year safety crisis that followed fatal crashes of its 737 MAX.

The results cap a tumultuous year for the world’s largest aerospace company during which the pandemic erased demand for the industry’s largest jetliners, just as Boeing fights to emerge from the nearly two-year grounding of its best-selling 737 MAX.