Boeing Loses $663 Million in 4Q Despite Higher Revenue
Boeing said Wednesday it lost $663 million in the fourth quarter as rising production costs and supply-chain problems offset rising revenue.
It was another disappointing quarter for the aerospace giant, which has yet to recover from fatal crashes involving two of its 737 Max jets and a pandemic that depressed airline demand for new planes until recently.
The loss amounted to $1.06 per share. Excluding non-core items such as adjustments to pension costs, the loss was $1.75 per share. Revenue increased 35% from a year earlier, to $19.98 billion.
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