Quantcast

Boeing reports significant losses amid operational challenges in Q4

GLOBAL INDUSTRY NEWS
Qantas’ free international Wi-Fi to switch on from next week
The real reason Southwest is charging for bags now
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Frontier Savagely Shades Southwest After They Eliminated Longstanding Free Bag Policy, Sparking Backlash
Passengers escape fiery American Airlines jet in Denver
Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
EasyJet pilot Paul Elsworth suspended after flying too close to mountain
Delta Air Lines bets on ‘blended-wing’ flight to reduce emissions
Europe's airlines pivot to bite size M&A deals to limit cost, regulatory burden
Dave Emerson named new CEO of Virgin Australia, replacing Jayne Hrdlicka
Ryanair DELAYS controversial new boarding pass rule to avoid summer chaos
FAA Orders Inspection, Replacement of 737NG Engine Parts
Spirit Adds New Airport, Three Routes
Delta crash passengers should take the $30,000 payment, their lawyers say. Here’s why.
Budget airline launches new cheap flights to one of the UK’s top winter sun destinations
Brazilian airline Azul to go 'back to basics' after challenging 2024
Airlines cancel flights as air travel to ‘grind to complete halt’ this week ahead of major strike action in Europe
Dramatic moment American Airlines plane diverted to Rome is escorted by fighter jets after mid-air bomb threat
Jetstar Faces Major Backlash as Nationwide System Outage Causes Travel Chaos, Stranding Passengers and Disrupting Flights Across the Australian Airline Industry
Sudden oil supply outages creating turbulence for airline industry
Southwest's layoffs dent its worker-first culture
Abu Dhabi's long-haul carrier Etihad Airways sees record $476 million profit in 2024
Jet2 warns of profits squeeze from rising costs and late bookings
Southwest bends further to activist shareholder Elliott's demands
Downgraded on a flight? Take these simple but important steps to get your money back
Delta Offers Over $2 Million to CRJ Crash Passengers
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

Oman Air to increase flights to Heathrow, plans double daily service next summer

London Heathrow, recognized as Europe's busiest airport, will soon experience an increase in its flight offerings by Oman Air.

Sep 2, 2025

Minneapolis-St. Paul airport schedules runway improvements for 2025

Minneapolis–St. Paul International Airport will commence safety and airfield improvement projects on Runway 12R-30L in two distinct phases throughout 2025.

Aug 22, 2025

Delta to expand Atlanta-Anchorage flights to year-round service

Delta Air Lines is adjusting its service between Atlanta and Anchorage, extending flights beyond the summer travel season to a year-round offering.

May 15, 2025

FAA faces audit for handling of Southwest Boeing 737 MAX engine incidents

The United States Department of Transportation’s Office of Inspector General (OIG) has initiated an audit concerning the Federal Aviation Administration (FAA) following two cabin air quality events in 2023 involving Southwest Airlines Boeing 737...

Apr 21, 2025

Daher TBM series continues to thrive in general aviation market

The Daher TBM series, a staple of general aviation since 1988, has seen over 1,000 units produced across various models, with the TBM 960 as the latest iteration.

Apr 21, 2025

Escape Lounges opens its first southern hemisphere branch at Brisbane Airport

Passengers at Brisbane Airport now have access to a new lounge, courtesy of Escape Lounges, a brand known in the UK and US.

Apr 21, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Oman Air to increase flights to Heathrow, plans double daily service next summer