Insights

Boeing Posts Billion Dollar Loss In Latest Earnings Report

For more crisp and insightful business and economic news, subscribe to
The Daily Upside newsletter.
It’s completely free and we guarantee you’ll learn something new every day.

As anyone who has bought airline tickets in the last few months knows (all too well), airlines are successfully passing along higher costs to consumers.
Boeing, on the other hand, cited mile-high costs in both its commercial and defense businesses while posting positively grounded results on Wednesday.
We Are Beginning Our Initial Descent Into the Red
Boeing’s results were at least as objectionable as an across-the-aisle nature boy removing his moccasins midway through a cross-country flight. Revenues rose 8% year-over-year to $14 billion, significantly below analysts’ estimates of $16 billion.
Even with travel demand increasing and war in Ukraine spurring defense spending the world over, both wings of Boeing’s business struggled to stay afloat. The culprit? Supply chain issues, naturally:

Its planned 777x, a behemoth twin-engine jet the company claims will be the world’s largest and most efficient of its type, is going on a temporary production pause, pushing planned deliveries to customers from 2023 to 2025. Boeing says the stall will cost it some $1.5 billion in abnormal costs.
The fixed-term nature of defense contracts leaves the company holding the bag for additional costs. Thanks to supply chain constraints and inflationary pressures, Boeing incurred a $367 million charge tied to its contract to deliver a military pilot-training program called T-7A Red Hawk. Additionally, the company faces an unexplained pre-tax charge of $212 million, tied to the war in Ukraine.

Air Force None: Another round of delays to the production of two new Air Force One models cost the company $660 million, bringing its total losses on the project to over $1 billion. CEO Dave Calhoun went as far as to admit that the project, negotiated with then-President Donald Trump in 2018, presents “a very unique set of risks that Boeing probably shouldn’t have taken” to begin with. –

For more crisp and insightful business and economic news, subscribe to
The Daily Upside newsletter.
It’s completely free and we guarantee you’ll learn something new every day.

As anyone who has bought airline tickets in the last few months knows (all too well), airlines are successfully passing along higher costs to consumers.

Boeing, on the other hand, cited mile-high costs in both its commercial and defense businesses while posting positively grounded results on Wednesday.

We Are Beginning Our Initial Descent Into the Red

Boeing’s results were at least as objectionable as an across-the-aisle nature boy removing his moccasins midway through a cross-country flight. Revenues rose 8% year-over-year to $14 billion, significantly below analysts’ estimates of $16 billion.

Even with travel demand increasing and war in Ukraine spurring defense spending the world over, both wings of Boeing’s business struggled to stay afloat. The culprit? Supply chain issues, naturally:

Its planned 777x, a behemoth twin-engine jet the company claims will be the world’s largest and most efficient of its type, is going on a temporary production pause, pushing planned deliveries to customers from 2023 to 2025. Boeing says the stall will cost it some $1.5 billion in abnormal costs.
The fixed-term nature of defense contracts leaves the company holding the bag for additional costs. Thanks to supply chain constraints and inflationary pressures, Boeing incurred a $367 million charge tied to its contract to deliver a military pilot-training program called T-7A Red Hawk. Additionally, the company faces an unexplained pre-tax charge of $212 million, tied to the war in Ukraine.

Air Force None: Another round of delays to the production of two new Air Force One models cost the company $660 million, bringing its total losses on the project to over $1 billion. CEO Dave Calhoun went as far as to admit that the project, negotiated with then-President Donald Trump in 2018, presents “a very unique set of risks that Boeing probably shouldn’t have taken” to begin with.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!