Boeing posts second straight quarter of loss, to further cut 787 production

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It expects to resume 737 MAX production at low rates in 2020, but did not give a timeline. The planemaker said it will reduce overall staffing levels with a voluntary layoff program.

The company’s quarterly loss stood at $1.70 billion, or $1.70 per share, compared with a profit of $1.99 billion, or $3.16 per share, a year earlier.