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Boeing Took Nearly $3 Billion Hit in Q4
Boeing forecasts bigger-than-expected loss on defense troubles, strike hit
Boeing said on Thursday it expects to report a larger-than-expected loss when it unveils fourth-quarter results next week as the financially-strapped U.S. planemaker took charges at its defense unit and suffered losses from a crippling strike.
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.
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 expects Q4 losses due to strikes, program charges
The company's preliminary financial results are based on management estimates and are subject to finalization upon completion of quarter-end financial and accounting procedures. The information disclosed in this article is based on a press release statement from Boeing,
Boeing sees $3.5B cash flow loss 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 $4 billion loss for fourth quarter
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 $5.46 per share between October and December on $15.2bn in revenue, while it burnt $3.5bn in cash, according to a preliminary filing.
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
Boeing outlined expects results and charges across its business in preliminary fourth-quarter results. Boeing hasn't posted an annual profit since 2018. The company expects to take a $1.1 billion on its 777X and 767 programs because of the strike and labor agreement.
7h
on MSN
Boeing forecasts big loss on defense troubles, strike; shares drop 2.6%
Boeing's loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped U.S.
1d
Which Airlines Still Fly The Boeing 747 On Its 55th Flight Anniversary?
Some 55 years after the first commercial flight of the Boeing 747, four airlines still fly passenger versions, including ...
1d
Trump Transportation Nominee Will Keep Boeing 737 MAX Production Cap in Place
WASHINGTON (Reuters) - President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place ...
14h
on MSN
Union investigates claims that Boeing is sending work to non-union locations
SEATTLE - Boeing's engineering union is formally investigating claims from its members that the company is moving work to non ...
4d
Boeing Under Pressure: Activists And Warren Buffett Circle
Boeing faces pressure from activist investors and Warren Buffett's interest, signaling potential major changes in the ...
5h
Losses piled up for Boeing in 2024
Boeing announced fourth quarter details showing it lost last year about $11.8 billion, the second heaviest loss in Boeing history.
1d
Q4 Preview: Boeing's Potential Path To $500 (Rating Upgrade)
Boeing's sales are projected to reach $100-$110 billion by 2026, with potential EPS growth to $15 by 2028. Read why I upgrade ...
9d
on MSN
Boeing closes the books on a terrible 2024
Boeing had a decent orderbook in December to cap a very bad year. But its deliveries for the month show it continues to ...
43m
The 10 Airports With The Highest Elevation In The World
Located close to one of Bolivia's major cities, La Paz, El Alto International is the highest international airport in the ...
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