Boeing expects $4 billion loss for fourth quarter after chaotic 2024

Boeing On Thursday, he said that it would have lost about $ 4 billion in the fourth quarter, adding to the manufacturer’s problems, which started 2024 with a Air accident He ended with the disrupted work strike and the demobilization of workers.

The company said it expects to spread a loss of $ 5.46 per share for the fourth quarter. She expected her revenues to be $ 15.2 billion, less than analysts’ expectations, according to LSEG estimates. Boeing said it is possible that it would burn through 3.5 billion dollars in cash during the quarter. The company raised more than $ 20 billion in a quarter to boost liquidity during its crises.

Boeing has not published an annual profit since 2018.

The company expects a cost of $ 1.1 billion on its 777X and 767 program due to the strike and the new contract.

“Although we are facing challenges in the short term, we have taken important steps to stabilize our business during a quarter, including reaching a press release,” said Kelly Ordraj, CEO of Boeing A.

Boeing struggled to restore his foot after a The dawn of the door dawn the air In January 2024, a The new safety crisis In the company that she was trying to put behind in the repercussions of two deadly accidents in 2018 and 2019.

The accident brought near the new federal audit headlines and the slowdown of delivery of new aircraft. Almost two months Mechanics beating This began in September most of the production of commercial aircraft. The workers, most of whom won the Bugit Sound, won, New contract In November.

The revenue of the commercial aircraft unit of important importance will come at $ 4.8 billion, with a negative operating margin of about 44 %.

Boeing problems also extend to its defense unit, which expects to register a $ 1.7 billion before taxes on the KC-46A carrier, and 747s that will work for a long time and will be presented as the new Air One, in addition to that Space programs.