Boeing Reports Wider Q4 Loss of $4 Billion, Shares Slide

Boeing is anticipating a significant fourth-quarter loss, expecting to report a loss of $5.46 per share and revenue of $15.2 billion, both figures falling short of analyst expectations. The company's struggles are attributed to a labor strike and increased production costs, particularly affecting the 777X and 767 programs. Boeing also reported a negative operating cash flow of $3.5 billion and is facing a total of $1.1 billion in charges related to labor agreements and production challenges. CEO Kelly Ortberg emphasized efforts to stabilize the company, including a successful capital raise exceeding $20 billion and the resumption of production for several aircraft models. The company has been under intense scrutiny following a midair safety incident earlier in the year, which compounded its operational difficulties. Despite these setbacks, Boeing remains focused on rebuilding its future and improving its financial stability.