How is Boeing doing financially?
How is Boeing doing financially? Boeing's net loss narrowed to nearly $1.64 billion, or $2.70 a share, for the third quarter compared with the year-earlier period when it had a loss of $3.31 billion, or $5.49 a share. Adjusting for one-time items, mostly related to pension plans, the company lost $3.26 per share, a wider-than-expected adjusted loss.
Is Boeing doing well financially?
The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow. Boeing shares surged nearly 9% to end the day at $232.80, the stock's highest closing price since November 2021.
Has Boeing ever made a profit?
Boeing gross profit for the twelve months ending June 30, 2023 was $4.911B, a 190.08% increase year-over-year. Boeing annual gross profit for 2022 was $3.53B, a 15.78% increase from 2021. Boeing annual gross profit for 2021 was $3.049B, a 154.04% decline from 2020.
Is Boeing ever going to recover?
WASHINGTON, April 10 (Reuters) - Boeing Co (BA. N) intends to restore production of its bestselling 737 MAX jet to its 2019 rate of 52 a month by January 2025 as it seeks to fully recover from two deadly crashes and the COVID-19 pandemic that curtailed output, two people familiar with the matter said.
Is Boeing losing to Airbus?
For the first quarter of 2022, Airbus had earnings of €1.26 billion ($1.34 billion) while Boeing lost $1.22 billion. Airbus reported total revenue of €12 billion ($12.7 billion) compared to Boeing's $14 billion.