Quantcast

Boeing reports significant losses amid operational challenges in Q4

GLOBAL INDUSTRY NEWS
LA Considers $25 And $30 Minimum Wages For Hotel And Airport Workers
Airlines are on the hook for more than you think if something goes wrong with your trip
WA Labor & Industries plans to create new airline worker protections
Airlines must now give automatic refunds for significant delays. Here's what to know.
Spirit Airlines Pursues Bankruptcy as a Path to Tie-Up With Frontier
American Airlines fined $50M for violating disability laws
Canada's flight attendant union applauds NDP bill to end unpaid work in the airline sector
American Airlines testing new technology that would crack down on boarding
Exciting New Airline Routes Coming to North
Another city ignores airport commission's advice, zones for housing near JWA
United shares hit pre-pandemic high after airline forecasts strong finish to 2024, plans buyback
Alaska Airlines Just Made Its Loyalty Program Even More Lucrative With New Rewards, Better Upgrades, and More
Food safety problem closes Detroit airline kitchen leaving 200 flights without meals
5 Reasons Why Kazakhstan's Air Astana Is Establishing Itself As A Key Player In Asian Aviation
JetBlue is no longer serving hot food in economy class on transatlantic flights
Video shows traveler hurl computer monitor at Frontier employees in Chicago
White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
Airline bans two items from luggage amid conflict in the Middle East
Turkish Airlines pilot dies midflight, leading to emergency landing in New York
Spirit Airlines Explores Bankruptcy Filing
Airlines turn to AI to allocate gates and cut waiting times
American Airlines Passengers Save Woman from Alleged Violent Male Companion on Flight
Garuda Indonesia and Japan Airlines (JAL) Form Joint Business Agreement — What To Know
Here's how Southwest Airlines' new seating and boarding process will work
Delta Adds New Route to Asia
Southwest Airlines will begin selling assigned seats in 2025
United Airlines Pilot Buys Passengers Pizza In Albuquerque After Flight Was Delayed 7 Hours
Czech Airlines to Cease Operations, Ending 23-Year SkyTeam Partnership
An Asian airline hopes launching one of the world's longest narrowbody routes will actually be a comfort upgrade for passengers
Airlines begin canceling flights, offering rebooking ahead of Hurricane Helene
Global Industry News
Boeing reports significant losses amid operational challenges in Q4
Policy
Webp received 1338231890555115
Kelly Ortberg president and chief executive officer of The Boeing Company | Boeing Website

Boeing has reported its financial results for the fourth quarter and full year of 2024, revealing a net loss of $3.8 billion for the quarter and $11.8 billion for the year. Revenue fell significantly during both periods compared to the previous year.

Kelly Ortberg, Boeing's president and CEO, stated that despite the losses, there was progress in stabilizing operations. "My team and I are focused on making the fundamental changes needed to fully recover our company's performance and restore trust with our customers, employees, suppliers, investors, regulators, and all others who are counting on us."

The company faced challenges due to a strike by over 33,000 machinists that ended on November 4, 2024. The strike affected production lines in Washington state as Boeing prioritized training and readiness before resuming operations.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
Subscribe
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Boeing's revenue for Q4 was $15.2 billion, down 31% from the previous year. The operating cash outflow was $3.4 billion compared to an inflow of $3.3 billion in Q4 2023. For the full year, revenues were $66.5 billion—a decline of 14%—with a worsened net loss of $11.8 billion.

The commercial aircraft division suffered most from the strike with only 57 deliveries in Q4 compared to 157 in Q4 2023. Full-year deliveries were also down from 528 in 2023 to 348 in 2024.

In addition to these challenges, Boeing recorded another $1.1 billion charge related to its 777X and 767 programs after previously announcing a $3 billion pre-tax charge on these programs.

"The 737 program resumed production in the quarter and plans to gradually increase production rate," said Ortberg regarding ongoing projects at Boeing.

Despite these setbacks, Boeing's total backlog grew slightly from $520.1 billion at the end of 2023 to $521.3 billion by the end of last year due partly to new orders including those from Pegasus Airlines and flydubai.

Organizations Included in this History
Simple Flying
More News

Emirates explores crypto payments partnership with Crypto.com

Emirates Airline has signed a Memorandum of Understanding (MoU) with Crypto.com to explore the integration of Crypto.com Pay as a payment option for its customers.

Jul 9, 2025

National Right to Work Foundation defends Wisconsin Act 10 against union challenge

The National Right to Work Foundation has filed an amicus brief with the Wisconsin Court of Appeals in the case of Abbotsford Education Association v. Wisconsin Employment Relations Commission.

Jul 9, 2025

Flying Food Group employee seeks to decertify Unite Here as union representative

Flying Food Group has announced that a union employee at its Schiller Park, Illinois facility has filed a petition with the National Labor Relations Board (NLRB) seeking a vote to remove Unite Here Local 1 as the union representative for the...

Jul 8, 2025

Lincoln Airport sees unexpectedly low bids for major runway reconstruction

The Lincoln Airport is set to embark on one of its most significant projects with the reconstruction of its runway.

Jul 8, 2025

Air New Zealand launches Dream Seats for aspiring Kiwis

Air New Zealand has launched Dream Seats, a nationwide initiative aimed at supporting New Zealanders in pursuing their dreams.

Jul 8, 2025

Dnata forms strategic partnership with PT IAS Hospitality Indonesia

dnata Catering & Retail has entered into a management contract with PT IAS Hospitality Indonesia (IASH) to enhance the inflight catering business at Denpasar International Airport.

Jul 8, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Flying Food Group celebrates National Logistics Day by honoring its logistics team

2

Nationwide job openings available for interested candidates

3

Financial controller position open in Seattle with competitive salary

4

Flying Food Group job openings at Daniel K. Inouye Airport with immediate interviews