SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Strike-related loss for Boeing

» Published: 23 October 2024

Strike-related loss for Boeing
Photo: Manuel Valdes AP/TT

The American aircraft manufacturer Boeing, with the newly appointed CEO Kelly Ortberg, reports a loss of 6.2 billion dollars for the third quarter. Strikes that slowed down production contributed to the loss.

The production of the 737 aircraft model has come to a standstill due to the five-week-long strike against the assembly plant in Seattle.

Boeing, which has not reported a profit on an annual basis since 2018, reports a loss of 9.97 dollars per share for the period. Adjusted for one-time items, it was 10.44 dollars per share.

Analysts had on average expected a loss of 10.34 dollars per share.

The free cash flow was minus 1.96 billion dollars, which can be compared to the average forecast of minus 1.87 billion.

The turnover decreased by 1 percent to 17.8 billion dollars, which was slightly worse than the expected 17.9 billion.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Down on Wall Street
1 MIN READ

Down on Wall Street

Billion Fines for American Express
1 MIN READ

Billion Fines for American Express

Adviser: Trump wants to save Tiktok
3 MIN READ

Adviser: Trump wants to save Tiktok

Employers want to stop Israel blockade
1 MIN READ

Employers want to stop Israel blockade

Crisis for Vapiano – Applies for Reconstruction
1 MIN READ

Crisis for Vapiano – Applies for Reconstruction

Lagerhaus Applies for Reconstruction
1 MIN READ

Lagerhaus Applies for Reconstruction

Kristersson wants to act against Chinese online companies
1 MIN READ

Kristersson wants to act against Chinese online companies

Nintendo shows the successor to Switch
1 MIN READ

Nintendo shows the successor to Switch

Unexpectedly weak growth for US retail sales
1 MIN READ

Unexpectedly weak growth for US retail sales

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction

Hitachi invests in Piteå – 100 new jobs
1 MIN READ

Hitachi invests in Piteå – 100 new jobs

Increased Probability of Interest Rate Cut
1 MIN READ

Increased Probability of Interest Rate Cut

Mass Layoffs at Oil Giant
1 MIN READ

Mass Layoffs at Oil Giant

Northvolt gets reprieve from US court
2 MIN READ

Northvolt gets reprieve from US court

Proposals for new electricity areas delayed
1 MIN READ

Proposals for new electricity areas delayed

Luxury Rally on European Exchanges
1 MIN READ

Luxury Rally on European Exchanges

Slightly Higher Inflation Expectations
1 MIN READ

Slightly Higher Inflation Expectations

Unexpectedly weak growth in the UK
1 MIN READ

Unexpectedly weak growth in the UK