Rising costs from the grounding of its once-best selling 737 MAX jets have left US aerospace giant Boeing with its first annual loss in net revenue since 1997.

The American planemaker lost $636 million in 2019 after a disappointing fourth quarter, when its saw the a loss of $2.33 per share, the company announced on Wednesday.

The annual loss is dramatic compared to Boeing’s results last year, when it posted a profit of $10.46 billion.

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Source: RT