Boeing posted a fourth-quarter lack of $3.8 billion on Tuesday as a machinists strike and different issues continued to plague the troubled plane producer.
Boeing has misplaced greater than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 folks.
The numbers Boeing launched are consistent with what the corporate pre-reported final week, together with almost $3 billion price of prices within the interval as a result of labor stoppage, job cuts and issues with quite a lot of authorities applications.
Boeing’s loss per share was $5.46 per share, nicely above the $3.08 loss that Wall Avenue analysts anticipated, based on the information agency FactSet.
The fourth quarter caps a tough 12 months for Boeing. A strike by the machinists who assemble the best-selling 737 Max, together with the 777 jet and the 767 cargo aircraft at factories in Renton and Everett, Washington, halted manufacturing at these services and hampered Boeing’s supply functionality.
The walkout ended after greater than seven weeks when the corporate agreed to pay raises and improved advantages.
