Boeing posts adjusted loss, sticks to cash-flow goal

REUTERS

Boeing posted a core loss of 37 cents per share in the quarter through June compared with a year-ago profit of 40 cents per share

Abhijith Ganapavaram and Rajesh Kumar Singh, Reuters News

July 27, 2022

PHOTO

Boeing Co on Wednesday reported a second-quarter adjusted loss due to charges related to its troubled defense and space unit, as the U.S. planemaker grapples with labor constraints and supply-chain disruptions.

Boeing posted a core loss of 37 cents per share in the quarter through June compared with a year-ago profit of 40 cents per share.

The planemaker, however, remains on track to generate free cash flow this year and is in the "final stages" of preparing to restart 787 Dreamliner deliveries, Chief Executive Dave Calhoun said in a letter to employees. (Reporting by Abhijith Ganapavaram in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Saumyadeb Chakrabarty)

Reuters

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.