Boeing loses $663 million in 4Q despite higher revenue
1 year, 10 months ago

Boeing loses $663 million in 4Q despite higher revenue

Associated Press  

Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company satisfied regulators that it fixed production problems on another plane, the larger 787 Dreamliner. Boeing’s defense and space business returned to a narrow profit in the fourth quarter after losing $2.85 billion in the previous quarter on huge charges related to several programs including finishing two new Air Force One presidential jets. Jeff Windau, an analyst for Edward Jones, said despite the surprising loss in the fourth quarter, Boeing’s long-term prospects remain good, with a growing backlog of airline plane orders and recent defense-contract wins.

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History of this topic

Boeing reports $1.4bn losses as embattled aerospace giant is rocked by safety scandals
4 months, 3 weeks ago

Boeing reports $1.4bn losses as embattled aerospace giant is rocked by safety scandals

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a bid to repair the …

Boeing reports Q4 loss but reaffirms 2023 targets
1 year, 10 months ago

Boeing reports Q4 loss but reaffirms 2023 targets

Live Mint  

Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand. Boeing said its commercial plane business was dented by "abnormal costs," while labor instability and supply chain disruption weighed on its defense, space and security unit. He predicted that 2023 would remain "bumpy" …

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs
2 years, 1 month ago

Boeing reports unexpected loss after taking hits from Air Force One, Starliner programs

CNN  

New York CNN Business — Boeing reported an unexpected loss in the third quarter Wednesday after taking a massive $2.8 billion charge related to its high profile defense and space businesses, including completing the new versions of Air Force One and its much delayed Starliner space capsule. The company also continued to report losses from its core commercial jet unit, …

Boeing posts $1.2 billion loss in Q1, worse than expected
2 years, 7 months ago

Boeing posts $1.2 billion loss in Q1, worse than expected

Associated Press  

Boeing said Wednesday that it lost $1.2 billion in the first quarter as it took large write-downs and lost money in both its civilian-airplane and defense businesses. Calhoun said the company was on track to generate positive cash flow over the entire year “despite the pressures on our defense and commercial development programs.” “This was another dreadful quarter from Boeing,” …

Amazon reports strong 4Q results despite supply-chain snags
2 years, 10 months ago

Amazon reports strong 4Q results despite supply-chain snags

Associated Press  

NEW YORK — Amazon reported Thursday that its profits nearly doubled in the final three months of last year, even as it contended with surging costs tied to a snarled supply chain and labor shortages. “As expected over the holidays, we saw higher costs driven by labor supply shortages and inflationary pressures, and these issues persisted into the first quarter …

Boeing posts Q3 loss as problems dog airliner, space capsule
3 years, 1 month ago

Boeing posts Q3 loss as problems dog airliner, space capsule

Associated Press  

Boeing Co. reported a third-quarter loss on Wednesday, as it struggled to fix problems with its 787 Dreamliner airline plane and a space capsule designed to ferry astronauts to the international space station. “We’re well past halfway.” Calhoun said the company will correct problems on the 787, a large plane designed for long international flights, the same way that it …

Boeing posts 1Q loss, takes a hit on Air Force One work
3 years, 7 months ago

Boeing posts 1Q loss, takes a hit on Air Force One work

Associated Press  

Boeing Co. reported a wider than expected first-quarter loss on Wednesday and took another charge on its program to build two new Air Force One presidential planes after firing a contractor it hired to help perform the work. Boeing has halted Max deliveries while it works on a fix for the electrical issues, which Calhoun said will make April aircraft …

Boeing posts $8.4 billion loss on weaker demand for planes
3 years, 10 months ago

Boeing posts $8.4 billion loss on weaker demand for planes

Associated Press  

Boeing closed out its worst year ever financially by losing $8.4 billion in the fourth quarter as the pandemic has undercut demand for planes, and the company announced another costly delay to its new large jetliner designed for long-haul flights. When do the airlines start to place more orders and start taking deliveries of planes?” Windau said Boeing’s ability to …

Boeing posts three-month loss of $2.4 billion
4 years, 4 months ago

Boeing posts three-month loss of $2.4 billion

CNN  

New York CNN Business — Boeing lost $2.4 billion over the past three months, the company revealed Wednesday. The company is still in the early stages of resuming production of its 737 Max jets, which was Boeing’s best-selling aircraft but has been grounded since March 2019 following two crashes that killed 346 people. “The reality is the pandemic’s impact on …

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