Boeing Co. reported nearly $3 billion in charges during the fourth quarter of 2024 due to a labor strike, job cuts and issues with government programs. The company anticipates reporting a loss of $5.46 per share next week, exceeding Wall Street's projected loss of $1.80 per share. Production halts of the 777 and 767 jet programs and government programs, including a military refueling tanker and Air Force One replacement jets, contributed to the charges.
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Read full article: This Week in Jacksonville: Business Edition - What’s a ‘missing middle’? A housing development problem in the River CityFILE- A Boeing plane displayed during a debut for employees and media of the new jet in Renton, Wash. U.S., Feb. 5, 2018. 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 $5.46 per share next week when it issues its full financial results. Wall Street had been expecting a fourth-quarter loss of $1.80 per share., along with the 777 jet and the 767 cargo plane at factories in Renton and Everett, Washington, halted production at those facilities and hampered Boeing’s delivery capability.The company said Thursday that it took charges totaling $1.
Boeing said revenue for the fourth quarter totaled $15.2 billion, well below analysts’ estimate of $16.6 billion. Shares fell Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
BOEING FINANCIAL RESULTS CHARGES LABOR DISPUTES GOVERNMENT CONTRACTS
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