Boeing reports a larger-than-expected loss in its latest quarter, driven by costs tied to its Air Force One program. Multiple outlets say the company takes a $280 million charge related to the VC-25B aircraft effort, which is the program Boeing is supplying for the U.S. Air Force’s presidential fleet. Quartz, citing results figures, reports that the charge pushes Boeing’s adjusted loss to 76 cents per share, compared with an analyst estimate of 30 cents per share. Other coverage also characterizes the loss as bigger than expected and links the shortfall to rising Air Force One expenses, including references to the program weighing on overall results. Across sources provided, there is agreement on the size of the Air Force One-related charge and that it contributes directly to the weaker quarterly performance versus expectations. The reports focus on the impact of the VC-25B costs on Boeing’s financial outcome rather than on operational milestones or guidance details.
Boeing reports larger-than-expected quarterly loss amid higher Air Force One costs
Boeing reports a larger-than-expected loss in its latest quarter, driven by costs tied to its Air Force One program. Multiple outlets say the company takes a $280 million charge related to the VC-25B...
- Boeing reports a quarterly loss larger than analysts expected.
- The company records a $280 million charge tied to the VC-25B Air Force One program.
- Quartz reports Boeing’s adjusted loss is 76 cents per share versus a 30-cent estimate.
- Air Force One costs are cited across outlets as the key factor weighing on results.
The planemaker took a $280 million charge on the VC-25B program, pushing its adjusted loss to 76 cents a share against a 30-cent estimate
1 hour agoBoeing took a $280 million charge on its long-delayed Air Force One program.
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