Boeing’s loss bigger than expected on labor strike
Government
SEATTLE Boeing said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a result, the Chicago-based aerospace giant said that it will report a loss of $5.46 per share next week when it issues its full financial results. Wall Street had been expecting a fourth-quarter loss of $1.8 per share. The sizeable loss caps a rough year for Boeing. A strike by the machinists who
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