Boeing details losses from labor strike, new contract

An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington.

Lindsey Wasson | Reuters

Boeing on Thursday released preliminary fourth-quarter financial results that were impacted by a nearly two-month labor strike and a new labor agreement last year, as well as other issues at the manufacturer.

The company said it expects to post a loss of $5.46 per share for the fourth quarter. It said it expects its revenue to be $15.2 billion, less than analysts’ expectations, according to LSEG estimates. Boeing said it likely burned through $3.5 billion in cash in the quarter.

Boeing will still release full results on Tuesday as scheduled.

The company expects to take a $1.1 billion charge on its 777X and 767 programs because of the strike and new contract.

This is breaking news. Check back for updates.

Source

Business

‘F1’ is Apple’s highest-grossing theatrical film ever

July 7, 2025

Still from Apple’s “F1.” Apple Lights out and away we go. “F1: The Movie” hasn’t even reached the checkered flag of its theatrical run, but it’s already Apple’s best film release ever. The film, distributed by Warner Bros. Discovery, zoomed past $293 million at the global box office over the weekend. This outpaced Ridley Scott’s […]

Business

Family offices ramp up deal-making in June with bets on biotech

July 7, 2025

Key Points After a slow spring, investment firms of the ultra-rich made 60 direct investments in June, according to Fintrx. Family offices flocked to biotech and health-care firms such as Antheia, seeking to make an impact and returns at the same time. Antheia founder Christina Smolke told CNBC’s Inside Wealth family offices’ patient capital makes […]

Business

How Netflix keeps luring big-name directors away from the traditional box office

July 7, 2025

Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R) Getty Images Netflix isn’t interested in bringing movies to theaters. The company’s leaders have said they see theatrical movie releases as an “outdated” model. Yet for more than a decade, the streamer has lured in some of Hollywood’s biggest directors to make content […]