Boeing this afternoon said its net profit plunged 79.2% in the October-December quarter as it took a hammering from the September 11 attacks.
Net profit tumbled to $100m in the fourth quarter from $481m a year earlier. The figure included $622m in extraordinary losses, mostly related to the one-off impact of the terrorist attacks on its business, including severance costs for laid-off employees.
If one-off items are excluded, net profit fell 18% to $722m. Revenue climbed 7% to $15.7bn. For the whole of 2001, net profit including extraordinary items surged 33% to $2.83bn.
