Boeing posts $3.8 bn loss in Q4, leading total loss to $35 bn since 2019

Quick Summary:

The numbers Boeing released are in line with what the company pre-reported last week, including nearly USD 3 billion worth of charges in the period due to the labour stoppage, job cuts and problems with a number of government programmes.

Boeing posted a fourth-quarter loss of USD 3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.

Boeing's loss per share was USD 5.46 per share, well above the USD 3.08 loss that Wall Street analysts expected, according to the data firm FactSet.

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Category: BusinessFinance

Markets: India

Topics: Boeing Q4 loss Boeing Q4 results Boeing Q4 income Boeing Q4 revenue

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Article Type: News Report

Published On: 2025-01-28 @ 19:21:28 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 298 words

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