Boeing lost $3.46 per share in the fourth quarter - equating to a total loss of about $4 billion based on its number of outstanding shares - amid a painful machinists' strike that forced a production stoppage.

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.

Thursday said it would report a loss for the fourth quarter, hurt largely by the IAM work stoppage and agreement,

The machinist strike and Pentagon projects have sapped the manufacturer’s cash flow.

Boeing’s preliminary quarterly results show steeper losses and lower revenue for the aerospace and defense company’s fourth quarter.

Boeing announced Thursday that it incurred a bigger than expected fourth-quarter loss, concluding a difficult 2024 in which it struggled with a lengthy labor strike and safety problems.

Boeing outlined expects results and charges across its business in preliminary fourth-quarter results. Boeing hasn't posted an annual profit since 2018. The company expects to take a $1.1 billion on its 777X and 767 programs because of the strike and labor agreement.