Boeing losses far higher than expected

Money gone! Boeing losses far higher than expected

2025-01-29 Source: dpa 1 min Reading Time

Boeing simply cannot get out of crisis mode and has to make the next billions in write-downs, as dpa has learned.

One should not expect great highs from the aircraft manufacturer Boeing at the moment. The company is plagued by various problems, which now lead to further billions in losses. More about it here...(Image: Boeing) — One should not expect great highs from the aircraft manufacturer Boeing at the moment. The company is plagued by various problems, which now lead to further billions in losses. More about it here...
(Image: Boeing)

The beleaguered aircraft manufacturer Boeing cited, among other things, the weeks-long strike of its workers in the fall, higher costs due to the new collective bargaining agreement, as well as problems with a new tanker aircraft and the next Air Force One. In the passenger aircraft division, there is a pre-tax charge of 1.1 billion dollars (1.06 billion euros). As for the defense sector, another 1.7 billion dollars is added. The company had already announced around five billion dollars in write-downs in October. Boeing has now very unexpectedly presented the first key figures for the past quarter. Therefore, there is not yet a complete picture.

New tariffs burden the

Passenger aircraft sector

But it is apparent that there will not be positive figures. Boeing estimated the loss per share at $5.46. Analysts had expected a figure four dollars better on this basis. Boeing will present the full quarterly figures on January 28, according to the report. In the passenger aircraft business, Boeing further explained, there is a charge of $900 million. This is due to the higher labor costs after the tariff settlement in the development of the next generation of the long-haul jet 777, as well as lower deliveries of the 767 model because of the strike. Boeing workers in the northwest of the USA had stopped work for around seven weeks in the fall and secured a 38 percent income increase over a period of four years.

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