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The Independent UK
The Independent UK
National
Associated Press

Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs

Boeing Boeing Co
Boeing Preliminary Results - (Copyright 2019 The Associated Press. All rights reserved.)

Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs.

As a result, the Chicago-based aerospace giant said Thursday that it will report a loss of $5.46 per share next week when it issues its full financial results. Wall Street had been expecting a fourth-quarter loss of $1.80 per share.

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