Boeing has reported another grim financial quarter, posting a US$3.8 billion loss for Q4 2024. The struggling aerospace giant has now accumulated more than $35 billion in losses since 2019, when two fatal crashes involving its 737 Max jets killed 346 people.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
But Boeing is far down the leaderboard of the longest streaks of red ink in the S&P 500. The industrial parts and repair company DEX lost money for 18 years in a row before turning profitable in 2019. SBA Communications and LiveNation are tied for second with 17-year runs of red ink that are thankfully over.
Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and that it will be allowed by the administration of U.S. President Donald Trump to then increase that to 42,
"That team has done a great job of improving the overall performance and quality of the fuselages," Boeing's CEO said of Wichita-based Spirit AeroSystems.
The company continues to grapple with a series of challenges, including a machinists strike that halted production for seven weeks, manufacturing quality issues, and costly setbacks in government contracts. For the full year, Boeing recorded an $11.8 billion loss, marking another year of turmoil for the Arlington, Virginia-based company.
Indian low-cost airline SpiceJet is to restore its grounded Boeing 737 MAX fleet to service after signing a crucial engine maintenance deal.
Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.
WASHINGTON, Jan 22 (Reuters) - President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing (BA.N), opens new tab 737 MAX ...
U.S. planemaker Boeing posted a loss of $3.8 billion in the fourth quarter, it said on Tuesday as a machinists strike and other problems continued
Boeing posted a fourth-quarter loss of 3.8 billion US dollars (£3.05 billion) on Tuesday as a machinists’ strike and other problems continued to plague the troubled aircraft manufacturer. Boeing has lost more than 35 billion dollars (£28 billion) since 2019 following the crashes of two then-new Max jets that killed 346 people.
Boeing's executives outlined that the certification of the Boeing 737 MAX 7, MAX 10, and 777X will be the main focus of 2025, with no change in the previously communicated certification timelines. In his opening remarks during the earnings call,