Boeing Reports Million-Dollar Loss in Last Quarter of 2022, Loss Exceeded $600 Million

Written by Bruno Teles

Published on 26/01/2023 at 18:40

Boeing registra um prejuízo milionário (Foto/divulgação)

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Boeing Reported a Loss of More Than US$ 663 Million in the Fourth Quarter of 2022, Slightly Less Than What Was Recorded in the Same Period of 2021, When It Was Around US$ 4.164 Billion. On a Comparable Basis, This Revenue Totals US$ 19.980 Billion, An Increase of More Than 35%.

This result reflects the higher number of deliveries of the 737 and 787 models, which have abnormal costs and expenses for the period, including research and development, according to Boeing. Some commercial aircraft deliveries rose to over 54% between October and December, totaling around 152 units.

The total number of orders in the backlog at the end of the fourth quarter reached US$ 404 billion, representing an increase of 7.16% from the US$ 377 billion in orders recorded in 2021. Of the total, about R$ 329 billion represents commercial aircraft, with 4,500 orders.

In the commercial aircraft segment, total revenue rose to 94%, to US$ 9.224 billion, and there was also an operating loss of around US$ 626 million, less than the US$ 4.454 billion recorded in the fourth quarter of 2021.

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The Defense, Space and Security segment saw a 5% increase in revenue, to over US$ 6.181 billion, and there was also an operating profit of US$ 112 million, reversing the loss of US$ 255 million from the same period in 2021. Finally, this services sector experienced a 6% increase in revenue, to US$ 4.567 billion, with a 58% gain in operating profit, to over US$ 634 million.

“We had a solid fourth quarter and 2022 proved to be an important year in our recovery,” said Boeing President and CEO Dave Calhoun. “Demand in our portfolio is strong, and we remain focused on driving stability in our operations and supply chain to meet our commitments in 2023 and beyond. While challenges remain, we are well positioned and on the right path to restore our operational capacity and financial strength,” he concluded.

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Boeing Reports Million-Dollar Loss in Last Quarter of 2022, Loss Exceeded $600 Million

Boeing Reported a Loss of More Than US$ 663 Million in the Fourth Quarter of 2022, Slightly Less Than What Was Recorded in the Same Period of 2021, When It Was Around US$ 4.164 Billion. On a Comparable Basis, This Revenue Totals US$ 19.980 Billion, An Increase of More Than 35%.

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Boeing Reports Million-Dollar Loss in Last Quarter of 2022, Loss Exceeded $600 Million

Boeing Reported a Loss of More Than US$ 663 Million in the Fourth Quarter of 2022, Slightly Less Than What Was Recorded in the Same Period of 2021, When It Was Around US$ 4.164 Billion. On a Comparable Basis, This Revenue Totals US$ 19.980 Billion, An Increase of More Than 35%.

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Archaeologists have discovered a colossal submerged wall in the Atlantic, dating back 7,000 years and weighing 3,300 tons, regarded as the largest prehistoric submerged structure ever found in France.

There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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