New York (CNN Business) Boeing lost $2.4 billion over the past three months, the company revealed Wednesday. Boeing is also planning to reduce its monthly output of 777 widebody aircraft to two per month, down from five. It's aiming to produce 31 of those jets per month by 2022 — a target Boeing was expecting to hit next year. And 60 Boeing aircraft orders were canceled in last month, adding to the 150 orders canceled in March, 108 in April, and 18 more in May. Boeing previously said it expects the 737 Max troubles to cost the company a total of about $19 billion.

Source: CNN July 29, 2020 12:17 UTC