Boeing Posts Losses for Fourth Quarter, Year

Company says outlook is improving with production levels expected to rise.

Jonathan Welsh

Wednesday, January 25, 2023 at 06:24 PM ET

Verified

Boeing has experienced difficulty producing its 737 MAX quickly enough to keep up with demand. [Credit: Shutterstock]

Key Takeaways:

Boeing reported a reduced net loss and increased revenue in Q4, signaling a recovery trend despite a larger full-year loss.
The company benefited from strong demand and significant aircraft orders, leading to a backlog of over 4,500 airplanes valued at $330 billion.
Despite ongoing supply chain issues, Boeing plans to progressively increase aircraft production and deliveries for its 737 and 787 models through 2025-2026.
The CEO expressed optimism for Boeing's recovery, focusing on stabilizing operations and the supply chain to meet future commitments amidst strong demand.

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Boeing Co. (NYSE: BA) reported a fourth-quarter loss but said it planned to build and deliver more aircraft this year, and continue to increase production and deliveries in the following years through 2025 and 2026.

The company’s net loss for the quarter totaled $663 million, or $1.06 per share, compared with a loss of $4.16 billion, or $7.02 per share, a year earlier. Revenue grew to $19.98 billion from $14.79 billion for last year’s fourth quarter.