Boeing said on Wednesday it would cut production of its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as quarterly sales tumbled 25% due to the fallout from the Covid-19 pandemic.
Net loss narrowed to $2.40 billion in the second quarter ended June 30, from $2.94 billion a year earlier, when the company reported a record loss on charges related to the 737 MAX grounding.
The company said sales fell to $11.81 billion from $15.75 billion.
(Published 29 July 2020, 13:04 IST)
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