Mired In Crisis, Boeing Reports Another Loss

Boeing reported another loss as it slows output in response to safety concerns (Credit: AFP)

Troubled aviation giant Boeing reported a first-quarter loss of $343 million on Wednesday, reflecting recent safety troubles that have slowed production and deliveries.

Boeing said it tempered production in the 737 program following a January near-catastrophic incident on an Alaska Airlines jet that has sparked heavy scrutiny from Washington and among Boeing's airline customers.