It will again cut production of its 787 planes to six a month next year.Sign up for free newsletters and get more CNBC delivered to your inboxOn an adjusted basis, Boeing lost $4.79 per share, compared with a $2.54 per-share loss Wall Street estimated.The company's second-quarter results came in worse than analysts expected. (Ted S. Warren / AP) (Ted S. Warren / AP) SHARE Boeing has been anxious to get its 737 MAX cleared to fly again so it can start delivering what used to be a key moneymaker, but the latest schedule information from the Federal Aviation Administration (FAA) — including a lengthy public comment period — suggests the process will be stretched a bit further. 737 MAX features a nicely updated flight deck, using Boeing’s latest display technology. It compared with a loss of $2.94 billion in the same quarter last year, when Boeing took a $5.6 billion charge to cover compensation it owes airlines for the Max grounding. The Boeing 737 is a narrow-body aircraft produced by Boeing Commercial Airplanes at its Renton Factory in Washington. 747-8. A Boeing 737 MAX 8 airplane being built for India-based Jet Airways lands following a test flight at Boeing Field in Seattle, on April 10, 2019. CST-100 Starliner Test Article domes mated into full capsule for first time at Kennedy Space Center.Airlines are taking advantage of the MAX's incredible range and flexibility, offering passengers connections to smaller cities around the globe including transatlantic and trans-continental routes.Military and Veteran EngagementLearn more about careers with Boeing.Global Equity, Diversity & InclusionSelect Products in Boeing HistoryAn epic eight-part documentary series 100 years in the making. The world's largest and most efficient twin-engine jet. Smith said it expects to deliver most of them by late next year -- potentially a desperately needed source of cash for the aircraft builder.The pandemic has compounded Boeing's problems, which began with the grounding of its 737 Max airliner in March 2019 after two crashes killed 346 people.The loss was far worse than Wall Street expected; so was the decline in revenue, which fell 25%.The second quarter would have been worse for Boeing if not for its defence and space business, which depends on contracts with governments and has been largely insulated from the pandemic. This aircraft sets new standards in fuel efficiency and performance, increasing its range by 19 percent to over 3,850 nautical miles.The unmatched reliability of the MAX means more 737 flights depart on time with fewer delays. Nevertheless, Boeing restarted 737 MAX production in late May, with plans to ramp up output gradually over the remainder of the year.
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