Boeing deepens job cuts as profit tumbles on 737 MAX, Covid-19 crises

Boeing Co reported its fourth straight quarterly loss on Wednesday as the coronavirus pandemic and 737 MAX grounding continued to hammer sales, while reaffirming its expectation that US deliveries of the jet would resume before year-end.

The US plane maker also said it was sticking with the deeply reduced twin-aisle production rates announced in July, as well as the goal to hit a build rate of 31 narrow bodies monthly in early 2022.

The Covid-19 pandemic has brought air travel to a near halt, pushing major airlines to the brink of bankruptcy and forcing them to seek government aid, cut costs and