Washington-Sana
American airline Boeing suffered a loss of $4.5 billion in the last quarter from its sidelined 787 program.
Reuters reported that the airline suffered a loss after two quarters of profits due to cargo issues, noting that 787 shipments will remain frozen for months as regulators review repairs and inspect for structural defects in aircraft, while the larger 777X designs face further regulatory backsliding from Europe.
Boeing disclosed $3.5 billion in pre-tax non-cash charges related to 787 delivery delays, liens to customers, and another $1 billion in abnormal production costs, while previously forecasting lower production and rework rates for the 787, resulting in about $1 billion in abnormal costs, which puts the total price tag on hold. at $5.5 billion.
The company also announced a basic operating loss of $ 4.54 billion in the last quarter, compared to a loss of $ 8.38 billion in 2020, when the company recorded fees of $ 6.5 billion due to delays in the 777X aircraft program. However, it achieved positive cash flows in the fourth quarter. It represented its first positive cash quarter since early 2019 buoyed by 737 Max deliveries as air travel recovers from the pandemic.
The company indicated that “the increase in revenues and operating margins in the global services division was affected by a decrease in the value of assets by $220 million due to fluctuating demand and prices, and that it had imposed $204 million on the KC46 carrier program due to a change in customer requirements to the remote vision system for the aircraft and a disruption.” supply chain.
On the fourteenth of this month, the American Boeing Company announced that it had recorded its worst annual net orders in decades and the lowest numbers of aircraft deliveries in 11 years, after fatal accidents that affected some of its industries recently.
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