Try GOLD - Free
Boeing warns of $5.4b loss in Q4, nearly triple market expectations
The Straits Times
|January 25, 2025
Boeing warned on Jan 23 that it was expecting a fourth-quarter 2023 loss of about US$4 billion (S$5.4 billion) to close a year marred by a production quality crisis, stricter regulatory scrutiny, supply chain delays and a crippling strike by US West Coast factory workers.
-
The loss would be nearly triple the size expected by Wall Street. Boeing, which will release its results next week, attributed it to charges at its defence and commercial units, lower jetliner deliveries and the strike's effects.
The company forecast a quarterly loss of US$5.46 per share, which equates to about US$4 billion, sharply steeper than analysts' average expectation of a US$1.84 per share loss, according to LSEG data.
Boeing shares fell 3.5 per cent in after-hours trading on Jan 23 as the company projected quarterly revenue of US$15.2 billion, below expectations of US$16.27 billion.
This story is from the January 25, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
5 free (or almost free) non-negotiable habits for a longer and healthier life
I used to think statins were for ‘old people.’ Then my cholesterol hit 271 — and reality hit even harder.
8 mins
November 04, 2025
The Straits Times
Depressed youth set fire to pop-up booths at VivoCity and HarbourFront Centre
Several pop-up booths at VivoCity and HarbourFront malls went up in flames after a depressed teenager set their merchandise and equipment ablaze, causing over $27,000 in damage.
2 mins
November 04, 2025
The Straits Times
S’pore charity to focus on long-term recovery and rebuilding in Gaza
Singapore charity Rahmatan Lil Alamin Foundation (RLAF) is focusing on long-term recovery and rebuilding efforts in Gaza, with new projects aimed at supporting healthcare and education.
2 mins
November 04, 2025
The Straits Times
Malaysian rapper Namewee faces drug charges after October arrest
Malaysian rapper Namewee has been charged with two drug-related offences following his arrest in October.
1 mins
November 04, 2025
The Straits Times
Anti-terror drills boost community bonds, more should join: Sim Ann
Over 80 Exercise Heartbeat participants respond to 'terror attack' in Clarke Quay
3 mins
November 04, 2025
The Straits Times
Layoffs. Stronger measures needed to deter errant employers
I am concerned by the sudden closure of Twelve Cupcakes, executed without sufficient notice to its employees, and which has affected their livelihood and mental well-being.
1 min
November 04, 2025
The Straits Times
Trump's revival of idea of US-China G-2 raises eyebrows
News analysis
5 mins
November 04, 2025
The Straits Times
Man charged with 10 counts of attempted murder after knife attack on British train
British prosecutors on Nov 3 charged a 32-year-old man with 10 counts of attempted murder following a mass stabbing on a London-bound train that left multiple passengers injured on Nov 1, including a train worker critically wounded but now stable.
1 mins
November 04, 2025
The Straits Times
Vivian Balakrishnan on working visit to Middle East
Foreign Minister Vivian Balakrishnan will visit the Palestinian Territories and Israel from Nov 3 to 6.
2 mins
November 04, 2025
The Straits Times
20 years' jail for man who raped step-granddaughter
69-year-old sexually assaulted the victim at home when she was nine to 10 years old
2 mins
November 04, 2025
Listen
Translate
Change font size