Boeing: heavy losses forecast in Q4
(CercleFinance.com) - On a preliminary basis, Boeing says it expects to report a Q4 2024 GAAP loss of $5.
46 per share, with negative operating cash flow of $3.5bn, on revenues of $15.2bn.
The aircraft manufacturer will thus account for impacts related to the strike and the agreement with the IAM union, charges for certain Defense, Space & Security programs and costs associated with headcount reductions announced last year.
Although we face short-term challenges, we took important steps to stabilize our business during the quarter, says CEO Kelly Ortberg. We also restarted production of the 737, 767 and 777/777X.
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