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 fourth-quarter net loss year-over-year but an increased full-year loss, despite revenue growth in both periods.
The company plans to significantly increase aircraft production and deliveries through 2025-2026, including specific ramp-up targets for 737 and 787 models.
Strong demand led to substantial aircraft orders and a large backlog, though Boeing is focused on stabilizing operations and the supply chain to meet future commitments.

See a mistake? Contact us.

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.