Reported about 12 hours ago
In the fourth quarter, Boeing faced a staggering $3.5 billion loss in operating cash flow primarily due to labor strikes by the IAM and workforce reductions. The company expects a revenue of $15.2 billion, falling short of expectations, and anticipates $1.7 billion in pre-tax charges in its defense sector. CEO Kelly Ortberg noted steps taken to stabilize operations, despite challenges from increased labor costs following contract agreements. The company delivered 57 aircraft in the quarter, a significant drop from last year, and plans to report full results on January 28.
Source: YAHOO