Boeing reports $11.8-billion annual loss after crisis-ridden year

Posted: Jan 28, 2025

  • Boeing (BA.N) reported an annual loss of $11.83 billion, its largest since 2020
  • CEO Kelly Ortberg faces challenges in turning around the company as it competes with rival Airbus (AIR.PA)
  • Boeing's defense, space, and security business lost $5.41 billion in 2024
  • Boeing aims to generate $10 billion in annual free cash flow by 2025 or 2026, a goal that may be delayed
  • The company reported a cash burn of $4.1 billion for the quarter, slightly lower than expected
  • Boeing is working to stabilize production, fix existing airplanes, and smooth its supply chain
  • Quarterly revenue fell 31% to $15.24 billion, missing expectations
  • Boeing has faced challenges since 2019, including fatal crashes of its 737 MAX jet




Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!