Boeing loses $663 million in 4Q despite higher revenue

KIFI

Published January 25, 2023 6:02 AM

By DAVID KOENIG
AP Airlines Writer

Boeing is reporting a loss of $663 million in the fourth quarter. Revenue is up, but so are production costs as Boeing struggles with supply-chain problems. Boeing reported fourth-quarter results on Wednesday, and it was another disappointing quarter for the aerospace giant. The loss is a surprise to analysts, who were expecting Boeing to earn 20 cents per share. Revenue is up 35% to just under $20 billion in the quarter, but production costs are also up, and Boeing says it’s spending more on research and development.

Article Topic Follows: AP National Business

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