Boeing Reports Quarterly Loss Of $343 Million Amid Safety Troubles

Boeing reported a first-quarter loss of $343 million today. (Representational)

New York:

Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.

Boeing said it tempered production in the 737 program following a January near-catastrophic incident on an Alaska Airlines jet. The company is implementing a “comprehensive action plan” following a federal audit of the program, Boeing said.

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