Boeing is set to report fourth-quarter results before the market opens Tuesday, with analysts expecting the plane maker to have continued burning through cash as it worked to increase production.
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 argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
Some 55 years after the first commercial flight of the Boeing 747, four airlines still fly passenger versions, including Lufthansa, Korean Air Lines and Air China.
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 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.
That’s because with all of Boeing’s issues, such as a labor strike, delivery delays, job cuts and continued challenges within the defense business, J.P. Morgan analyst Seth Seifman said the losses “are not shocking.”
The astronauts who traveled to the International Space Station aboard the Boeing Starliner are in good health, a NASA spokesperson has said, dismissing fake online reports of their death. The false narrative also includes false quotes attributed to Elon Musk.
Boeing faces pressure from activist investors and Warren Buffett's interest, signaling potential major changes in the aerospace giant's future.
Boeing's sales are projected to reach $100-$110 billion by 2026, with potential EPS growth to $15 by 2028. Read why I upgrade BA stock from hold to buy.
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.