Air Transport World

Boeing. (News Briefs: North America Report).(1st-quarter earnings)(Brief Article)

Boeing reported a net loss 0f $478 million for the first quarter compared to a net loss of $1.25 billion last year, which included a $1.83 billion pre-tax charge related to an accounting change. This year's results included previously announced noncash after-tax charges totaling $818 million related to goodwill impairment and $159 million to "strengthen reserves and revalue assets in Boeing's customer finance portfolio."

Revenues totaled $12.26 billion and the company repotred an operating loss of $373 million compared with an operating profit of $902 million last year, which included $1. …

Log in to your account to read this article – and millions more.