Boeing’s stock rose after the company said it may be streamlining its business, which could include the selling of some assets in the coming months or year.
Boeing reported its full fourth-quarter results Tuesday morning. Even though the company took a lot of drama out of the release with a preannouncement on Jan. 23, there is still a lot that investors wanted to know.
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
President Donald Trump struck a deal for the replacement aircraft during his first term. Boeing is working with Trump advisor Elon Musk on ways to deliver delayed, overbudget Air Force One replacements sooner, CEO Kelly Ortberg said Tuesday.
In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
The Boeing Company reported a massive Q4 loss, with revenues down over 30% and losses per share significantly worse than expected. Learn more on BA stock here.
Boeing reported its second biggest annual loss ever after a tough year after a mid-air accident and worker strikes.
Boeing on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday, contributing to the $35 billion loss since the crashes of two then-new Max jets that killed 346 people.
Nvidia rises following a deep selloff in artificial-intelligence stocks, General Motors posts better-than-expected adjusted earnings but the stock tumbles, and Boeing reports a fourth-quarter core loss of $5.