Boeing reports $11.8 billion annual loss in latest quarterly results
ARLINGTON, VA—The Boeing Company delivered its fourth quarter results on Tuesday, January 28, clocking a 31% decrease in revenue from 2023 which it says was driven by the IAM strike and other factors. Net earnings for the quarter were a loss of $3.9 billion for an annual earnings loss of $11.8 billion. Annual revenues for […]
Boeing Reports Preliminary Fourth Quarter Results
ARLINGTON— The Boeing Company announced on Thursday, January 23, it will recognize impacts to its financial results related to the IAM work stoppage and agreement, charges for certain Defense, Space & Security programs and costs associated with workforce reductions announced last year when it reports fourth quarter results on January 28. The company expects to […]
Boeing announces stock offerings of $22 billion to pay debt and raise capital
ARLINGTON—Less than a week after reporting $6.2 billion in third quarter losses and machinist union members rejecting its latest contract offer, Boeing announced on October 28, stock offerings to raise up to $22 billion to help ease its financial woes. “Boeing intends to use the net proceeds from the Offerings for general corporate purposes, which […]
Boeing reports $6.2 billion loss for third quarter results
ARLINGTON, Va.—At its third-quarter 2024 earnings briefing on October 23, Boeing President and CEO Kelly Ortberg shared the grim reality of the company’s financial challenges ahead and his four-point plan to “restore Boeing to the leadership position that we all know and want.” “It will take time to return Boeing to its former legacy, but with […]
