Shares of Boeing Co. reversed higher in early Friday trading, and some may wonder why they’re not actually tumbling considering the aerospace giant’s warning of a massive fourth-quarter net loss. That’s because with all of Boeing’s issues,

Shares of Boeing Co (BA) fell nearly 1.5% in Friday’s pre-market session after the planemaker said it expects a GAAP loss per share of $5.46 in the fourth quarter (Q4) which translates to over $4 billion in losses.

Boeing shares are losing altitude in Thursday's after-hours session after the company reported preliminary fourth-quarter financial results.