Aerial view of the engines and fuselage of an unpainted Boeing 737 MAX aircraft parked in a warehouse at Boeing Field at King County International Airport in Seattle, Washington.
Lindsay Watson | Reuters
boeing company Preliminary fourth-quarter financial results released Thursday were hit by nearly two months strike new labor agreements last year, and other issues for manufacturers.
The company said it expected a fourth-quarter loss of $5.46 per share. The company said it expected revenue of $15.2 billion, below analysts’ expectations, according to LSEG estimates. Boeing said it likely burned $3.5 billion in cash during the quarter.
Boeing is still scheduled to release its full results on Tuesday.
The company expects to charge $1.1 billion for its 777X and 767 programs as a result of the strikes and new contracts.
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