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's operations ware not optimum in the quarter with seven-week labor strike, leading to pre-tax earnings charges of $1.1 billion on the 777x and 767 programs. Until today Boeing is still under scrutiny for planecrash involving its 737-800 type.

In Q3 2024, Boeing booked pre-tax charges of $3 billion on the 777X and 767F programs, split between $2.6 billion and $400 million, respectively, as it delayed the entry-into-service (EIS) of the 777-9 to 2026.

Boeing expects a $4 billion loss in the fourth quarter of 2024 due to a seven-week labor strike by US Coast factory workers and charges in the defense segment.

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.

TheStreet’s Conway Mittens brings you the biggest news of the day, including what investors are watching and just ow bad Boeing’s fourth quarter real was.

Boeing released early Q4 results well below estimates as the Dow Jones manufacturer's workers strike, delivery delays weigh.

Shares of Boeing Co (BA) fell nearly 1.5% in Friday’s pre-market session after the planemaker said it expects a GAAP loss per share of $5.46 in the fourth quarter (Q4) which translates to over $4 billion in losses.