Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs. As a result, the Chicago-based aerospace giant said Thursday that it will report a loss of $5.

The US aviation giant projected a loss of $5.46 per share, much above the $1.55 foreseen by analysts, according to a profit warning that cited the costs of a new labor agreement, among other factors.

Boeing released early Q4 results well below estimates as the Dow Jones manufacturer's workers strike, delivery delays weigh.

Boeing expects a $4 billion loss in the fourth quarter of 2024 due to a seven-week labor strike by US Coast factory workers and charges in the defense segment.

Boeing Co. suffered another quarter of fresh charges and losses, highlighting the long road ahead for Chief Executive Officer Kelly Ortberg as he tries to stabilize the US aircraft manufacturer.

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.

KEY TAKEAWAYS Boeing shares are falling in premarket trading after the plane maker projected a much wider-than-expected fourth-quarter loss.The plane maker attributed the large loss to the nearly two-month strike that crippled production as well as charges around its defense segment and staff cuts.