Boeing reports Q4 results impacted by machinist strike; confirms first 777X delivery in 2026

Despite affirming the first delivery of the 777X in 2026, Boeing faces additional charges totaling $1.1 billion related to both the 777X and 767F programs. A $900 million pre-tax charge will be booked for higher labor costs under the new IAM contract over several years.

“The company still anticipates first delivery of the 777-9 in 2026," stated Boeing regarding future plans. Commercial Airplanes is expected to report fourth-quarter revenue of $4.8 billion with an operating margin of negative 43.9 percent.

For Q3 2024, Boeing recorded pre-tax charges amounting to $3 billion across these programs due to delays in service entry and flight testing setbacks linked to the IAM strike.

Boeing projects ending Q4 with revenues of $15.2 billion but anticipates a loss per share of $5.46 and an operating cash outflow of $3.5 billion. Cash reserves are expected to total $26.3 billion by quarter-end compared to Q3’s cash position at $9.9 billion following significant losses attributed partly to strikes starting September last year.

In contrast with Airbus delivering nearly double during December alone — managing around “770” aircraft annually despite lowering targets — Boeing completed only half as many deliveries throughout challenging circumstances faced within that period: handing over just shy three hundred fifty commercial planes overall including two hundred sixty-five models from their popular series lineup such as ‘MAX’.