Boeing Faces $3B Loss in Q4

Boeing lost $3.5 billion due to labor strikes and layoffs in the fourth quarter
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 took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
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 Faces $3B Loss in Q4 Due to Strikes and Layoffs
Boeing had previously announced plans to reduce its workforce by 10%, which added to the company's financial strain during the quarter.
Boeing expects $4 billion loss for fourth quarter after chaotic 2024
Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which began 2024 with a midair accident and ended it with a crippling labor strike and layoffs.
Boeing Warns of $4 Billion Loss to Close a Difficult Year
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
Boeing expects Q4 losses due to strikes, program charges
The company's preliminary financial results are based on management estimates and are subject to finalization upon completion of quarter-end financial and accounting procedures. The information disclosed in this article is based on a press release statement from Boeing,
Union investigates claims that Boeing is sending work to non-union locations
Boeing's engineering union is formally investigating claims from its members that the company is moving work to non-union ...
This day in history: Boeing announced layoff; bootleggers pull of ‘sensational’ plot
From 1925: Bootleggers pulled off a “sensational daylight whisky smuggling plot” at Orchard Avenue, near Trent Avenue. A ...
In the understatement of 2024 so far, Boeing’s CEO says his company has been ‘far from perfect’ after a litany of safety snafus
The hearing is the first, and perhaps only, time Calhoun will testify publicly on Boeing’s safety issues before he steps down.
Cultural shift? Boeing highlights quality improvements under new production safety plan.
Boeing has faced increased scrutiny in the wake of a number of high-profile flight incidents. It says its turnaround is ...
Boeing Stock Drops as Deadly South Korean Crash Marks Latest Setback
Boeing shares are falling in premarket trading Monday after a 737-800 operated by South Korea's Jeju Air crashed, killing 179 people, in the latest accident involving one of the U.S. company's planes.
Boeing sees big commercial jet delivery decline in 2024
Boeing commercial jet deliveries dropped last year by more than a third compared to 2023, as the aerospace giant wrestled ...
More Americans file for unemployment benefits last week, but layoffs remain historically low
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job ...
devdiscourse2d
Unemployment Claims Surge Amid Resilient Job Market
Jobless claims in the U.S. increased slightly last week, while the number of people receiving unemployment benefits reached a ...
Boeing Donates $1 Million To Support Los Angeles' Deadly Wildfire Recovery
Boeing has pledged $1 million in donations to support relief and recovery operations in the Los Angeles region in response to ...