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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.
