> Boeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019
Boeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019
Clip ID 2317131
Clearance
Add to
Share
Add to Review Link
By Request
By Request assets are not available for immediate purchase.
This content has not been pre-checked for copyright.
Per clip rates are for 20 seconds of final usage. If you are using more then 20 seconds or need a different file format or have questions about clearances contact us
Description
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. For the full year 2024, Boeing logged a loss of $11.8 billion.
The numbers Boeing released are in line with what the company pre-reported last week, including nearly $3 billion worth of charges in the period due to the labor stoppage, job cuts and problems with a number of government programs.
Boeing's loss per share was $5.46 per share, well above the $3.08 loss that Wall Street analysts expected, according to the data firm FactSet.
Read more: https://www.king5.com/article/money/business/boeing-q4-loss/281-0ef42ba6-9880-4f1f-a38f-9495601110a6