Boeing suffered a hefty $3.3 billion loss in the third quarter due to higher costs for its defense programs, including the Air Force One presidential jet and its KC-46 air tanker.
“Almost every sector faces challenges related to supply, inflation, jobs and the macroeconomic situation, and we are certainly no exception,” added the leader.
“We are realistic about the environment we are facing and we are taking comprehensive action,” he continued.
Positive free cash flow in 2022
july to In September, Boeing’s loss per share, adjusted for one-offs, was $6.18, where analysts had expected an increase of 2 cents. Its turnover amounted to 16,000 million dollars, 4% more in a year but far from the 17,900 million dollars expected by the market.
Among the good news, Boeing said it is on track to be free cash flow positive by 2022, a measure that indicates a company’s ability to invest or pay dividends to its shareholders.
The market appeared to be focused on that aspect, with shares of Boeing up 1.4% in electronic trading before the Wall Street open.
Source: BFM TV
