Shares of Boeing Co. reversed higher in early Friday trading, and some may wonder why they’re not actually tumbling considering the aerospace giant’s warning of a massive fourth-quarter net loss. That’s because with all of Boeing’s issues,
Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for Chief Executive Officer Kelly Ortberg as he tries to stabilize the US aircraft manufacturer.
Boeing warned on Thursday that it expected a fourth-quarter loss of about $4 billion to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by U.
The astronauts who traveled to the International Space Station aboard the Boeing Starliner are in good health, a NASA spokesperson has said, dismissing fake online reports of their death. The false narrative also includes false quotes attributed to Elon Musk.
Some 55 years after the first commercial flight of the Boeing 747, four airlines still fly passenger versions, including Lufthansa, Korean Air Lines and Air China.
Boeing announced fourth quarter details showing it lost last year about $11.8 billion, the second heaviest loss in Boeing history.
The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.
Boeing's sales are projected to reach $100-$110 billion by 2026, with potential EPS growth to $15 by 2028. Read why I upgrade BA stock from hold to buy.
Boeing faces pressure from activist investors and Warren Buffett's interest, signaling potential major changes in the aerospace giant's future.
In a report released yesterday, Jason Gursky from Citi maintained a Buy rating on Boeing (BA – Research Report), with a price target of
Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.
Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for the US aircraft manufacturer.