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Machinist strike and Pentagon projects sap manufacturer’s cash flow. Boeing lost roughly $4 billion in the most recent quarter, when the jet maker was hit by a debilitating strike, suffered mounting losses in troubled U.S. government projects and incurred costs tied to sweeping job cuts rolled out at the end of the year.
The manufacturing giant warned investors that it generated less revenue and racked up bigger losses than Wall Street anticipated. Thursday’s warning came before Boeing was scheduled to release its full results on Tuesday. Shares fell in after-hours trading.
The $4 billion expected loss includes big write-downs on money-losing projects for the Pentagon and in the company’s commercial jet business. Wall Street had expected Boeing to book a roughly $1 billion quarterly loss for the period.
Boeing said it expects to report revenue of $15.2 billion for the latest quarter, compared with Wall Street’s forecast of $16.6 billion. Its operations had negative cash flow of $3.5 billion in the December quarter, coming in slightly better than investors had feared.
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The airline has cut the target for a second time to 206 million passengers
Ryanair said it expects to fly fewer passengers than hoped in fiscal 2026, cutting its passenger growth target yet again, due to Boeing plane delivery delays.
The Irish budget airline said Monday that although the production of Boeing 737 planes was recovering from the strikes of last year, the U.S. plane maker wasn’t expected to deliver enough aircraft to meet Ryanair’s fiscal 2026 passenger growth goal.
The company cut its target for a second time to 206 million passengers. It had trimmed its passenger growth guidance in early November to 210 million from 215 million and warned at the time that the risk of further delivery delays from Boeing remained high.
The company flew 183.7 million passengers in the year to March 2024. It said it expects to fly almost 200 million passengers in fiscal 2025.
Ryanair said it hoped the delivery of 29 remaining Boeing Gamechangers before March of next year would allow it to recoup its delayed traffic growth in summer 2026. The company had 172 Boeing Gamechangers in its fleet as of the end of December, out of an order of 210.
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Boeing was given 90 days to present regulators with an action plan to address quality-control issues at its 737 factory. Here’s a look at the layers of Boeing’s quality process and the issues each faces.
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The Federal Aviation Administration said it wouldn’t lift the production cap it placed on Boeing following the Alaska Airlines accident for at least several months.
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