Boeing records $3.5 billion charge as 787 problems mount

Summary by Ground News

Boeing reported a $4.16 billion loss for the fourth quarter. The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner. The company said manufacturing problems with the 787 will add $2 billion in unusual production costs.

4 months ago·Chicago, United States

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Reuters

Boeing records $3.5 billion charge as 787 problems mount

- Boeing Co said on Wednesday said it incurred a $3.5 billion charge in the fourth quarter due to longer-than-expected delivery delays of its problem-plagued 787 widebody jet. Still, Boeing generated positive cash flow in the fourth quarter, representing its first positive cash quarter since early 2019, fueled by 737 MAX deliveries as air travel rebounds from the pandemic. (Reporting

4 months ago·United Kingdom

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News18 India

Boeing Posts USD4 Billion Loss Tied To Problems With 787 Jet

Chicago, Jan 26 (AP) Boeing reported a USD4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse. The aircraft maker took a charge of USD3.5 billion to cover additional delays in delivering copies of its 787 jetliner and compensation for airlines that are still waiting to get their planes..

4 months ago·India

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Washington Times

Boeing posts $4 billion loss tied to problems with 787 jet

Boeing reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse.The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copies of its 787 jetliner and ...

4 months ago·Washington, United States

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abc News

Boeing posts $4.16 billion loss on problems with its 787 jet

Boeing is reporting a fourth-quarter loss of $4.16 billion after taking a big charge against earnings to cover delays in delivering one of its jets to airline customers

4 months ago·United States

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CNN

Boeing posts massive charge for 787 Dreamliner problems, sending losses soaring

Boeing took nearly $4 billion in charges related to problems it had with its 787 Dreamliner, causing losses to soar for the third straight year.

4 months ago·Atlanta, United States

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Independent.ie

Boeing posts four billion dollars loss tied to problems with 787 jet

Boeing reported a 4.16 billion US dollars (£3.1 billion) loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew worse.

4 months ago·Ireland

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