Boeing expects a $ 3.5 billion cash flow due to labor strikes and workers’ demobilization in the fourth quarter

Boeing (Bachelor’s)) The results of the fourth quarter are announced On Thursday, after the bell, the loss of operating cash flow of $ 3.5 billion due to the effects of IAM work (International Association of Mechanics), as well as manpower discounts and changes in its defense work.

For this quarter, Boeing expects to announce revenues of $ 15.2 billion for 16.76 billion dollars. Group estimates for each Bloomberg to lose the generally accepted accounting principles per share of $ 5.46 for a loss of $ 1.32. Boeing also expects to get a pre -tax fee of $ 1.7 billion in her defense and space work.

Boeing shares decreased by 1 % in post -working hours.

“Although we are facing challenges in the short term, we have taken important steps to achieve stability in our business during this quarter, including reaching an agreement with our IAM’s colleagues and making a successful capital to improve our budget General. CEO. “We have also resumed the production of 737, 767 and 777/777 X aircraft, and our team continues to focus on the hard work awaiting us to build a new future for Boeing.”

Boeing said that the IAM strike, which ended in November with a new four -year contract, would lead to a high cost of employment, which will lead to 1.1 billion dollars pre -tax fees for the 777x and 767 programs.

After an eight -week strike, Boeing increased the salaries of IAM members by 38 % over a period of four years. Merging the previous certification reward of $ 7,000 with a cut amount of $ 5,000 for a total of $ 12,000 in plans 401 (k) or as a cash payment; Increase its correspondence 401 (K); And lowering health care premiums, among other things.

In early December Boeing Hundreds of workers’ demobilization In its base in Washington and California. The company had said earlier that it would reduce the number of its employees by 10%.

Earlier this month, Boeing announced that it had handed over the request 57 aircraft in the fourth quarter: 36 737 Max aircraft, 15 787 Dreamliner aircraft, three 767 aircraft and three 777 aircraft. Boeing said it had handed over 348 commercial aircraft this year by down a third compared to last year.

In November, Boeing’s implicit monetary status threatened the company’s investment credit rating, which led to this advertisement It will launch the sale of $ 19 billion shares to boost cash reserves. Boeing said that at the end of the fourth -quarter of the fourth quarter, cash and investments amounted to 26.3 billion dollars.

Bras Supramian is a correspondent of Yahoo Finance. You can follow it X On Instagram.

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