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.”
Related: Boeing thought it had a plea deal until a judge said otherwise Turning to other business headlines, $4 billion. That’s how much money Boeing lost in the fourth quarter alone, according to preliminary results released by the company.
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.
The benchmark S&P 500 and the Nasdaq struggled for direction on Friday, as investors avoided big bets and assessed fresh data to gauge the health of the economy, while Boeing dipped after issuing a quarterly profit warning.
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 announced fourth quarter details showing it lost last year about $11.8 billion, the second heaviest loss in Boeing history.
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.
American Airlines cannot catch a break from Boeing’s production woes. The Fort Worth-based carrier will temporarily suspend three routes to Europe this
Boeing reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss to the quarter, citing the effects of a work stoppage, workforce reductions,
Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for the US aircraft manufacturer.
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
In a report released yesterday, Jason Gursky from Citi maintained a Buy rating on Boeing (BA – Research Report), with a price target of