Boeing Faces $4 Billion Loss, Projects Fourth-Quarter Per-Share Loss Amid Cash Burn

Boeing Faces $4 Billion Loss, Projects Fourth-Quarter Per-Share Loss Amid Cash Burn

Boeing estimates a $4 billion fourth-quarter loss amid a turbulent 2024 marked by a midair accident, a labor strike, and layoffs. Boeing anticipates a per-share loss for the fourth quarter and revenue falling below analysts' expectations. Boeing reported a significant cash burn during the quarter while raising substantial funds to strengthen its liquidity amid ongoing challenges. Boeing has remained unprofitable annually since 2018.


User: Benzinga

Views: 220

Uploaded: 2025-01-25

Duration: 00:33

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