Boeing anticipates a staggering $4 billion loss for the fourth quarter of 2024. The company expects a per-share loss of $5.46, with revenue at $15.2 billion, falling short of analyst expectations. Cash burn during the quarter was around $3.5 billion. Despite these setbacks, Boeing raised over $20 billion to bolster liquidity. The company has not seen an annual profit since 2018. A $1.1 billion charge is expected on the 777X and 767 programs due to a labor strike and new contract. The commercial airplane unit’s revenue is projected at $4.8 billion, with a negative operating margin of nearly 44%. Boeing also faces challenges in its defense unit, expecting pretax charges of $1.7 billion on the KC-46A tanker and the new Air Force One aircraft.
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