Stock Spotlight: Boeing flies steady after overcoming turbulent 2022

Stock price up 66% in five months

With the news last week that Boeing had officially delivered the company’s last 747, investors are keeping a close eye on how the aerospace giant will continue to adapt after making it through a challenging 2022.

Boeing reported a $650m operating loss in the fourth quarter, which was more than expected, due to abnormal production costs. However, Josh Ross-Field, investment director at Dowgate Wealth, noted that the loss was smaller than the $4.1bn deficit a year earlier. He also noted the firm is hiring a further 10,000 staff this year while many companies are cutting their workforce, and a new production facility is expected to add more than $6bn in revenue a year. "The Q4 earnings showed the first glimpse of recovery as sales grow and the company has a long way to go to reach peak revenue an...