BoeingAfter production problems prevented it from delivering 787 Dreamliners to airlines, the company took $3.5 billion in pre-tax charges.

On Wednesday, however, it said that the company generated positive cash flows in its fourth quarter. That milestone was earlier than Boeing had predicted. After two deaths in crashes, regulators removed bans from the 737 Max last year and drove a surge in its 737 Max deliveries.

Below is a comparison of how the company did against analysts’ estimates, compiled by Refinitiv.

• Adjusted results: A loss of $7.69 a share vs. an expected loss of 42 cents a share.
• Revenue: Expected: $14.79 billion versus $16.59 billion

Boeing suffered its third consecutive annual loss for the year as production problems and the pandemic continued to affect its bottom line.

CEO David Calhoun wrote to his employees Wednesday that “2021 was an important year of rebuilding for us and we together overcame many hurdles.” While we still have much work ahead of us, I feel confident we can accelerate our progress through 2022 and beyond.

Premarket trading saw Boeing share prices rise by more than 1 percent after the company’s results were released.

Boeing plane sales and delivery surged last yearHowever, handovers of planes to airlines were still slower than Airbus.

Boeing was hampered by a halt in 787 Dreamliner aircraft deliveries for much of last year. This is due to several manufacturing defects, which have been challenging customers such as American Airlines Hawaiian Airlines.

American announced last month that it will reduce its international schedule due to 787 delays. Derek Kerr, American’s Chief Financial Officer, said last week during an earnings conference that Boeing is already paying penalties due to delays. He also stated that the airline would “repay us for any losses” in the event of additional delays.

Calhoun said that the worst was behind the aviation sector following the destruction of travel demand by the pandemic. After travel restrictions being lifted, airlines executives said that international travel demand would rebound in spring and summer.

Airbus and Boeing supplier General ElectricIt forecasts a 20% revenue increase for the key aviation unit that produces and repairs engines.

At 10:30 am, the company will host an ET conference call with analysts. ET conference call will be held with analysts. Executives are expected to ask questions about the production rate, supply chain problems, and possible impacts of rising tensions in Ukraine on their company.

This is the latest news. Stay tuned for new updates.