Have you ever been scared to show your parents your semester report card? American aerospace company The Boeing Company (BA) can sadly relate as its fourth-quarter results fell below analyst expectations. Reported losses are thought to be due to Boeing’s $3.5b pre-tax non-cash charge on the 787 Dreamliner program and delayed regulation discussions. Omicron hasn’t made it easier as the industry’s recovery is slowed further. Boeing is seeing a loss of $7.69 per share (ouch) with revenue falling 3% to $14.7b, double ouch. We might be able to online shop, but traveling is a bit sticker with worldwide restrictions.

The aerospace pains continue with EasyJet. British airline group EasyJet saw a $285m loss in the Christmas quarter with the Omicron hit. Analysts expect losses to continue for 2022 Q1 and aren’t expecting any good news in the summer and the year overall. Someone give the aerospace sector a bear hug! Some good news, though —when looking at 2022 Q1 losses, compared to last year, losses halved and operating cash burn significantly reduced. Similarly, compared to 2021 Q1, total revenue skyrocketed by 582% to $1b.