Overview

• Boeing announced a loss of $5.46 per share for the last quarter, significantly exceeding analyst expectations by $4 per share.
• The company revealed $2.8 billion in new charges, including $1.1 billion in its passenger aircraft division and $1.7 billion in its defense sector.
• A seven-week worker strike in the fall led to reduced aircraft deliveries and a 38% wage increase under a new four-year labor agreement.
• Production of the next-generation 777 and Air Force One projects faced delays and cost overruns, further impacting financial performance.
• Boeing plans to release full quarterly earnings next Tuesday, following its preliminary disclosure of these financial challenges.