US EditionBoeing posts $3.8 billion Q4 loss and has lost more than $35 billion since fatal crashes in 2019
- Boeing posted a fourth-quarter loss of $3.8 billion, continuing its struggles with manufacturing and delivery issues, as stated on Tuesday.
- The company has lost more than $35 billion since 2019, following fatal crashes of two 737 Max jets that killed 346 people.
- Boeing's revenue for the fourth quarter was $15.2 billion, below analysts' expectations, as reported by FactSet.
- A machinists strike halted production, contributing to Boeing's challenges, which included cost overruns and delivery delays for key customers.
119 Articles
119 Articles
Hopes for turnaround lift Boeing shares despite huge losses
New York, United States — Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit. The US aviation giant reported a loss of $3.9 billion as the company continued to experience a hit from a more than seven-week
Boeing posts sedond-biggest annual loss in its history
US aerospace giant Boeing posted nearly 12 billion dollars in annual net loss for 2024, as a series of safety issues and a seven-week strike by factory workers impacted production. The company's stock however rallied after the latest financial results were announced, as investor focus turned to its recovery plan. Plus, Coca Cola has recalled several of its popular soft drinks including Coke, Fanta and Sprite in several European countries, after …
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