The US aircraft manufacturer Boeing posted a loss of around five billion US dollars last year. While free cash flow increased, it was not enough to even come close to breaking even.
Overall, the company generated $2022 billion in revenue in 66,6, including $19,9 billion in the fourth quarter of 2022. Although Boeing delivered as many aircraft as possible and handed over 152 commercial jets in the last quarter of the year, that recorded Company posted a net loss of $2022 million in the fourth quarter of 663. Still, Boeing's free cash flow was $2022 billion in Q3,1 494 ($2021 million in Q2,2 2022) and $4,3 billion in 2021 (-$XNUMX billion in XNUMX).
Boeing's Commercial Airplanes (BCA) division had revenue of $25,8 billion for the year, up 33% from the prior-year period. However, BCA's net loss was $2,3 billion, an improvement from its 6,4 net loss of $2021 billion.
"Commercial Airplanes revenue increased to $9,2 billion in the fourth quarter, driven by higher 737 and 787 deliveries, partially offset by considerations from 787 customers," the company said in a statement. Defense, Space & Security posted a loss of $2022 billion in 3,5 ($1,5 billion profit in 2021), while Global Services ended 2022 with a profit of $2,7 billion ($2,01 billion in 2021).
"The 737 program production rate is stabilizing at 31 aircraft per month and is expected to increase to approximately 2025 aircraft per month in the 2026/50 timeframe," Boeing said. Production is expected to ramp up to five aircraft per month at the end of 2023 and 2025 aircraft per month in 2026/10. The last quarter of the year was very successful for the manufacturer, which recorded 376 net orders, including 200 from United Airlines. The airline ordered 200 aircraft, divided into 100 Boeing 737 MAX and 100 Boeing 787, in December 2022. Customers received 2022 aircraft from Boeing in 480, compared to 661 deliveries from Airbus. The European manufacturer has not yet released its annual results, which will be on February 16, 2023.
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