Boeing suffers $192m net loss

Published July 24, 2003

CHICAGO, July 23: Boeing Corp took a hefty loss in the April-June quarter and warned that civil aviation is unlikely to recover until 2005.

Boeing reported a net loss of $192m, or 24 cents a share, in the three months to June 30 — a smaller loss than the 43 cents expected by Wall Street analysts.

That compared to the year-earlier net profit of $779m, or 96 cents a share.—AFP

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