From CNBC: 2025-01-23 16:43:08

Boeing released preliminary Q4 financial results, citing impacts of a two-month labor strike and new labor agreement last year. The company expects a loss of $5.46 per share and revenue of $15.2 billion, below analysts’ estimates. Boeing likely burned through $3.5 billion in cash. Full results will be released on Tuesday.

Boeing anticipates a $1.1 billion charge on its 777X and 767 programs due to the strike and new contract. An unpainted Boeing 737 MAX airplane is seen in storage at King County International Airport-Boeing Field in Seattle. Stay tuned for updates on this breaking news.



Read more at CNBC:: Boeing details losses from labor strike, new contract