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Boeing Reverses Losses as Net Orders Turn Positive for Second Month

Published 04/13/2021, 11:34 AM
Updated 04/13/2021, 11:35 AM
© Reuters.

By Christiana Sciaudone

Investing.com --  Boeing shares bounced back after the company said it delivered 29 commercial jets last month, up from 20 in March 2020.

It's the second month in a row of positive net orders, with 40 for the month and 76 for the year. Shares of the plane maker are up about 20% over the past three months.

Business may be turning around for the aircraft maker, which reported a very surprising loss of more than $15 per share for the quarter ended in December. Analysts had expected a loss of no more than $1.64 per share, according to data compiled by Investing.com.

Boeing (NYSE:BA) has been hit by the pandemic, which drove travel down to a bare minimum as we hunkered down at home, as well as the years-long grounding of its 737 MAX jet following two deadly crashes in 2018 and 2019.

 

 

 

 

 

 

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