Boeing on Thursday released preliminary fourth-quarter financial results that were impacted by a nearly two-month labor strike and a new labor agreement last year, as well as other issues at the manufacturer.

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 Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of 2024 due to a lengthy labor stoppage, job cuts and problems with a number of government programs

Boeing (BA) reported preliminary fourth quarter results on Thursday after the bell, estimating a whopping $3.5 billion operating cash flow loss due to the effects of the IAM (International Association of Machinists) work stoppage alongside workforce reductions and changes to its defense business.

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