Boeing Braces for $4 Billion Loss in Q4 2024 Amidst Strikes and Scrutiny
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Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a result, the Chicago-based aerospace giant said Thursday that it will report a loss of $5.
Boeing lost $3.5 billion due to labor strikes and layoffs in the fourth quarter
Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss to the quarter, citing the effects of a work stoppage, workforce reductions,
Boeing expects $4B loss in Q4 2024 due to strike and defense charges
Boeing expects a $4 billion loss in the fourth quarter of 2024 due to a seven-week labor strike by US Coast factory workers and charges in the defense segment.
Boeing warns of bigger-than-expected $4 billion quarterly loss; shares drop
Boeing warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by U.
Boeing Warns Q4 Loss Bigger Than Expected On Costs From Labor Strike
Boeing announced Thursday that it incurred a bigger than expected fourth-quarter loss, concluding a difficult 2024 in which it struggled with a lengthy labor strike and safety problems.
Boeing Strike, Defense Charges Hammer Fourth-Quarter Results 1)
Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for Chief Executive Officer Kelly Ortberg as he tries to stabilize the US aircraft manufacturer.
Boeing Sees Wider Loss, Weak Revenues In Q4; Shares Hit
Aerospace and defense major Boeing Co. said it projects a sharply wider loss and weak revenues in its fourth quarter, mainly impacted
Boeing warns investors to brace for steeper quarterly losses, lower revenue
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
Boeing books charges and warns on fourth-quarter revenue and profit
Boeing has said it expects a fourth-quarter loss and is taking $2.8bn in charges stemming from a six-week-long strike, higher costs in its defence business and cuts to its workforce. The plane maker said it lost $5.
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Boeing's shares fall as preliminary results miss estimates
Boeing's (NYSE:BA) shares slipped by 1.4% in extended trading Thursday after the aviation giant reported preliminary results that missed the average estimate among Wall Street analysts. The company ...