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Curious phrasing.

Correction: “.... will lose $4.5 billion, down from $2.1 billion last year.”

Increase in a negative number is inversely proportionate to the actual number.

They are doing what Enron & WorldCom were doing during to WBush Administration, but got caught; yet most major corporations & all banks were doing by the Obama Administration (proving them to be the same administration):

Counting losses involving invested or loaned money as future profit.

Entity A is $1 billion in debt. That $1 billion owed to Bank X is counted as profits by Bank X. Entity A borrows $2 billion from Bank X, which also has no money, but may invent money as necessary, in the form of credit/debit. Entity A promises that $1 billion to Entity B, who promises to return it. Entity A spends $1 billion on a business deal that is a money pit, but counted in the books as $2 billion in future profits, enabling them to loan or invest it via other connections. Entity A gives $1 billion to its shareholders.

Entity A, via various such interactions, thereby converts $1 billion in debt into $1 billion in income, plus (usually) about $6 billion in pretend income. Entities B, C, D, & E each have made $1 billion each, in borrowing from Entity A; as well as borrowing another $1 billion each from Bank X, using their borrowed money from Entity A as collateral. Bank X counts all money owed as future income.

Voila! $1 billion in debt has been converted into $12 billion corporate capacity. Wall Street is notified. Stock prices rise. Yadayadayada.

When it is finally called into account, owing to the bursting of whatever economic bubble cannot sustain the deception: Bank X is too big to fail; Corporation Q (comprising Entities A, B, C, D, & E) is too big to fail; & Wall Street is too economically imperative to be allowed to fail. Therefore, Federal Government W fabricates some currency to bail them out. This fabricated currency is counted as future income, so may be used on government projects or given to foreign governments, or whatever.

Would go into specifics; but am in more of a mood to fuck around and/or do housework. Golly, I hate housework.

Here is the original instruction manual of the type of Marxism known as Welfare State Corporate Capitalism, which has been the economic system of the United States since the Star Spangled Banner had 48 stars:
https://en.m.wikipedia.org/wiki/Capitalism,_Socialism_and_Democracy

Conversion from the gold standard to a market economy was accomplished during the Nixon Administration. This was also the time in which the Republican Party began to be converted to a functional scapegoat appendage of the Democrat Party (which itself had become a scapegoat appendage of the Communist Party, many decades previously). Am inclined to go into detail; but I’ve been advised to do housework.

Losing a ton of money and inching toward bankruptcy is how you know they've made a phenomenal decision.

Progress!