Aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked at King County International Airport-Boeing Field in Seattle, Washington.
Lindsey Wasson | Reuters
Boeing on Thursday released its preliminary fourth-quarter financial results that were impacted by a nearly two-month strike and a new labor agreement last year, as well as other problems at the manufacturer.
The company said it expects to report a loss of $5.46 per share for the fourth quarter. It said it expected revenue of $15.2 billion, lower than analysts’ expectations, according to LSEG estimates. Boeing said it likely burned through $3.5 billion in cash during the quarter.
Boeing will still release its full results on Tuesday as planned.
The company plans to charge $1.1 billion on its 777X and 767 programs due to the strike and the new contract.
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