Boeing said it expects a fourth-quarter GAAP loss of $5.46 a share, well above the $1.55-a-share loss that Wall Street forecast.

Boeing has said it expects a fourth-quarter loss and is taking $2.8bn in charges stemming from a six-week-long strike, higher costs in its defence business and cuts to its workforce. The plane maker said it lost $5.46 per share between October and December on $15.2bn in revenue, while it burnt $3.5bn in cash, according to a preliminary filing.

Boeing has not posted an annual profit since 2018. The company expects to take a $1.1 billion charge on its 777X and 767 programs because of the strike and new contract. "Although