Boeing posts quarterly loss as labor and supply strains overshadow increase in jet demand

Source: CNBC

“Boeing posted a $663 million loss for the fourth quarter as supply chain issues weighed on results despite a rebound in aircraft sales and deliveries that drove up revenue. Airlines and aircraft manufacturers have benefited from a sharp recovery in air travel, one of the most affected industries from the Covid pandemic. But Boeing’s leaders have been hesitant to ramp up aircraft production until the supply chain has stabilized. … For the full year, Boeing had a loss of $5 billion despite a 7% increase in revenue to $66.6 billion.” (01/25/23)

https://www.cnbc.com/2023/01/25/boeing-ba-earnings-q4-2022.html