4 sources·Business

Boeing Reports $3.8 Billion Fourth-Quarter Loss Amid Ongoing Struggles

Boeing posts a substantial $3.8 billion loss in Q4 2024, continuing a trend of massive losses since 2019 due to various operational issues.

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  1. Boeing loses almost $1bn every month in 2024

    Boeing's dismal financial performance in 2024 underscores a troubling trend of operational failures and ongoing safety concerns that continue to tarnish its reputation and challenge its future.

    Boeing loses almost $1bn every month in 2024

    BBC NewsBBC News·2M
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  2. Boeing posts $3.8B Q4 loss and has lost more than $35B since 2019 fatal crashes

    Boeing's continued struggles and mounting losses highlight the profound challenges the company faces in recovering from the devastating consequences of past tragedies and operational setbacks.

    Boeing posts $3.8B Q4 loss and has lost more than $35B since 2019 fatal crashes

    ABC NewsABC News·2M
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  3. Boeing CEO lays out recovery plan after company's biggest annual loss since 2020

    Boeing's recent performance underscores a company in turmoil, yet there are faint glimmers of hope as it strives to stabilize operations and redirect focus on its fundamental business activities.

    Boeing CEO lays out recovery plan after company's biggest annual loss since 2020

    CNBCCNBC·2M
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  1. BBC News
  2. ABC News
  3. CNBC
  4. Associated Press
Jan 28th, 2025, 11:16 AM ET

Summary

A summary of the key points of this story verified across multiple sources.

Boeing's Q4 2024 reports a loss of $3.8 billion due to union strikes and ongoing operational challenges, leading to total annual losses exceeding $11 billion. These financial struggles come after the already tumultuous impacts of two fatal crashes in 2019. The company is facing criticism for its quality control and safety protocols, especially with significant issues linked to the 737 Max. As Boeing struggles to catch up with competitor Airbus, it also plans to restructure its operations under new CEO Kelly Ortberg, focusing on core business stability and improved safety measures.

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Boeing Reports $3.8 Billion Fourth-Quarter Loss Amid Ongoing Struggles - Pano News