Boeing forecasts bigger-than-expected quarterly loss on defense troubles, strike hit

(Reuters) -Boeing expects to report a larger-than-expected loss when it unveils fourth-quarter results next week, the financially strapped U.S. planemaker said on Thursday, due to charges at its defense unit and losses from a crippling strike.

The company forecast a quarterly loss per share of $5.46, compared with analysts’ average expectation of a loss per share of $1.84.

Boeing (NYSE:BA) shares fell 2.5% in aftermarket trading as the company projected quarterly revenue of $15.2 billion, below expectations of $16.27 billion.

The company has racked up losses in 2024, after a strike by more than 30,000 workers halted production of its 737 MAX, 777 and 767 planes and an ailing defense and space division has hammered its business.

The planemaker was already wrestling with a quality crisis from a January mid-air panel blowout.