US aerospace giant Boeing released its financial results for both the full year and the fourth quarter of 2020 on Thursday. Virtually all the figures were in the red. The group blamed the Covid-19 pandemic, the grounding of the 737 MAX airliner and issues with its widebody airliner programmes for the losses. Full-year revenues for 2020 were, at nearly $58.16-billion, 24% down on the 2019 figure of almost $76.56-billion. The group’s operating margin was –22% last year, in sharp contrast to the –2.6% for 2019. The loss from operations in 2020 was just under –$12.77-billion whereas in 2019 the equivalent loss had been much less, at nearly –$1.98-billion. Boeing’s net loss last year had been –$11.94-billion, as against –$0.64-billion in 2019. Operating cash flow in 2020 has been –$18.41-billion as against almost –$2.45-billion the year before.