Boeing ended the year with another $5 billion loss
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Today, January 25, the American aerospace corporation Boeing introduced reporting for the fourth quarter and 2022 as a whole. Revenue for the year increased by 7% to $66.6 billion. Boeing again ended the year with a loss, which even increased compared to 2021, amounting to $5.1 billion from $4.3 billion. The company also ended the fourth quarter with a loss, but it decreased significantly: $663 million against $4.2 billion in the fourth quarter of 2021. Boeing’s quarterly revenue increased 35% to nearly $20 billion.
Earlier in January reportedthat the main competitor, Airbus, surpassed Boeing in terms of aircraft deliveries for the fourth time in a row. In 2022, Boeing delivered 480 aircraft, Airbus – 661 aircraft. At the same time, Boeing significantly improved results compared to the previous two years, when both deliveries and financial results of the company were poor due to the suspension of operations of the 737 MAX and 787 Dreamliner aircraft. According to the company, fourth-quarter results were negatively impacted by supply disruptions and labor difficulties.
Boeing’s quarterly results turned out to be worse than analysts’ forecasts, so the company’s share price fell by 2.6% after the publication of financial statements. At the same time, since September it has grown by 70%.
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