Boeing reports fourth quarter loss to close out 2022

Boeing recorded fourth-quarter 2022 revenue of $20bn but at the same time reported a loss of $633 million, or core loss per share of $1.75. The manufacturer, which during the quarter received a history-making order from United Airlines for up to 200 new aircraft, said on January 25 that it generated $3.5bn operating cash flow over the period, during which it also reported a production backlog of over 4,000 commercial aircraft and said it faced “abnormal” costs of production. “While challenges remain, we are well positioned and are on the right path to restoring our operational and financial strength,” said