Boeing reports Q4 loss but reaffirms 2023 targets

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AFP

New York (AFP) - Persistent supply chain woes and staffing issues led to another quarterly loss at Boeing, but the company on Wednesday confirmed its 2023 outlook amid strong aviation demand. Boeing said its commercial plane business was dented by "abnormal costs," while "labor instability and supply chain disruption" weighed on its defense, space and security unit. The company's $634 million loss for the quarter ending December 31 was smaller than the $4.1 billion loss in the same period last year. Revenues rose 35 percent to $20 billion, but came in below analyst forecasts. The aviation gian...

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