Boeing reported a substantial net loss of $11.8 billion for fiscal year 2024, compared to a $2.2 billion loss in 2023, as the company grappled with significant operational challenges. Revenues declined 14.5% to $66.5 billion, primarily due to lower commercial airplane deliveries and 737-9 customer considerations following the January Alaska Airlines incident. The Commercial Airplanes segment recorded a $7.9 billion operating loss, while Defense, Space & Security posted a $5.4 billion loss.The company recorded reach-forward losses of $4.1 billion on the 777X and 767 programs in 2024, reflecting higher costs and delivery delays. Additional charges included $2 billion on the KC-46A Tanker program and $1.8 billion on the T-7A Red Hawk program. Production rates were significantly impacted by increased FAA oversight following the 737-9 incident and a work stoppage by the IAM 751 union from September...Show More

Boeing reported a substantial net loss of $11.8 billion for fiscal year 2024, compared to a $2.2 billion loss in 2023, as the company grappled with significant operational challenges. Revenues declined 14.5% to $66.5 billion, primarily due to lower commercial airplane deliveries and 737-9 customer considerations following the January Alaska Airlines incident. The Commercial Airplanes segment recorded a $7.9 billion operating loss, while Defense, Space & Security posted a $5.4 billion loss.The company recorded reach-forward losses of $4.1 billion on the 777X and 767 programs in 2024, reflecting higher costs and delivery delays. Additional charges included $2 billion on the KC-46A Tanker program and $1.8 billion on the T-7A Red Hawk program. Production rates were significantly impacted by increased FAA oversight following the 737-9 incident and a work stoppage by the IAM 751 union from September to November.Boeing strengthened its financial position by raising $18.2 billion through a common stock offering and $5.7 billion from preferred stock issuance. The company ended the year with $13.8 billion in cash and $12.5 billion in short-term investments. Total backlog remained stable at $521.3 billion, with Commercial Airplanes representing $435.2 billion. Management is focused on improving safety, quality and operational stability across its programs.