Boeing Expects 30 Percent Revenue Drop in 4th Quarter

The company’s commercial airplane deliveries dropped by a third last year.

A strike sign hangs from a post near a Boeing sign as Boeing factory workers and supporters gather on a picket line during the third day of a strike near the entrance to a Boeing production facility in Renton, Wash., on Sept. 15, 2024. David Ryder/Reuters

Aircraft manufacturer Boeing announced that its fourth quarter (Q4) revenue is anticipated to be substantially lower than the same period in 2023, blaming worker strikes for contributing to the decline.

Boeing expects to report Q4 revenues of $15.2 billion, down more than 30 percent from $22.01 billion in the fourth quarter of 2023, according to a Jan. 23 statement from the company. The company expects a loss per share of $5.46 for the fourth quarter, well above the $0.04 loss from the same period in the previous year. Boeing is scheduled to release its fourth-quarter results on Jan. 28.