Boeing Co reported a 53 per cent drop in quarterly profit on Wednesday as the world’s largest plane maker was hurt by the grounding of its best-selling 737 MAX jets.
The company had a negative free cash flow of $2.89 billion in the quarter, compared with a positive free cash flow of $4.10 billion a year earlier.
Core operating earnings fell to $895 million or $1.45 per share from $1.89 billion or $3.58 per share, a year earlier.
