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A 777X lines up on the runway to conduct taxi and brake tests at Paine Field. (Photo: AirlineGeeks | Katie Bailey)

Boeing Delays 777X Launch to 2023, Records Record Annual Loss

On Wednesday morning, Boeing reported an annual loss of $11.94 billion for 2020 based on its fourth quarter earnings, amounting to a record loss in its more than 100 years of operation. In the fourth quarter alone, Boeing accumulated an $8.44 billion loss, citing the significant impact of COVID-19, the 737MAX program, and its commercial widebody programs as factors for its loss. Continued Challenges with Commercial Business For the full year of 2020, Boeing recorded a revenue of $52.8 billion,…