Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue.
It was another disappointing quarter for the aerospace giant, which has yet to recover from deadly crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.
Boeing lost $5 billion for the full year, pushing its losses since the start of 2019 to nearly $22 billion.
Despite the red ink, CEO David Calhoun struck a bullish tone on a call with analysts, saying the company is sticking with plans to increase jet production despite ongoing shortages from suppliers of engines and other key parts….