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 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 Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for the US aircraft manufacturer.

The company forecast a quarterly loss of $5.46 per share, sharply steeper than analysts' average expectation of a $1.84 per share loss. Boeing shares fell 2.6% in after-hours trading as the company projected quarterly revenue of $15.

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

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,

Calamity Capsule continues to be calamitous for the bottom line Boeing is warning of another hit to its bottom line, at least partly at the hands of the company's Calamity Capsule, the CST-100 Starliner.

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,

Its loss will widen and revenues weaken in the fourth quarter, Chicago-based US aerospace and defence giant Boeing predicted on Friday. The results are mainly impacted by the work stoppage and agreement with the International Association of Machinists and Aerospace Workers (IAM),