Boeing Is One Of The 21st Century’s Most Unprofitable Companies 12 hours ago Forbes Africa
Posted: Feb 04, 2025
- Boeing announced a net loss of $3.9 billion for Q4 of 2024, making a total loss of $11.8 billion for the year
- The loss is attributed to a strike by Boeing's machinists, delays in key programs, and production problems with the 737 Max and 787
- Boeing has been on a financial losing streak for six years, totaling $35.7 billion in losses
- The company holds the position of the biggest loser in the S&P 500 index since 2019
- Despite the losses, institutional investors have supported Boeing due to its large order book of 5,595 planes
- Boeing expects negative cash flow for the full year of 2025
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