Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs
Associated PressFEB 2
Boeing Warns of $4B Q4 Loss
Above: The Boeing Co. logo displayed near Los Angeles International Airport. Image copyright: Patrick T. Fallon/Contributor/AFP via Getty Images
The Spin
Narrative A
Boeing continues to struggle with mounting losses across multiple programs, quality control issues, and delivery delays, extending its streak of financial difficulties that began with the 737 MAX crisis in 2019. It hasn't turned a profit in six years. There are major concerns about its long-term stability.
Narrative B
Boeing has taken crucial steps to stabilize operations by securing a new labor agreement, successfully raising over $20B in capital, and — most importantly — restarting key production lines. It has positioned itself for recovery despite near-term challenges and its warning to investors has helped keep the stock from completely crashing.