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flag Boeing reports a $3 billion Q4 loss linked to strikes, job cuts, and contract issues.

flag Boeing reported a nearly $3 billion loss in Q4 2024 due to a prolonged labor strike, job cuts, and issues with government contracts. flag The company anticipates a $5.46 per share loss, higher than the expected $1.80 per share. flag The strike halted production of the 737 Max, 777, and 767 planes. flag Boeing also announced a 10% workforce reduction and took charges of $1.1 billion on the 777 and 767 programs and $1.7 billion on defense programs. flag Revenue for Q4 was $15.2 billion, lower than the estimated $16.6 billion.

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