Boing It reported an annual loss of $ $ 11.83 billion since 2020 on Tuesday, as it was struggling with problems in its commercial and defense units with problems in its commercial and defense units with a decline from a unholy strike by the US West Coast Factory workers.
This disadvantage exhibits the challenges in front of CEO Kelly Ortberg, which is moving around the planet as it refers to more land to rival Airbus in delivery race and after a series of misunderstandings, regulators and Customers fall under crosshare.
Boeing’s shares fell slight in business before the bell on Tuesday.
Ortberg, who took over the planmaker’s reins in August, said the company was progressing to restore stability for its struggling production lines after a rigorous mid-hill accident in 2024.
The company reported a $ 3.86 billion defeat in the fourth quarter, as Ortberg said “disappointing” allegations in several definite defense programs. However, he stated that Boeing had “more active and clear eyes on risks” for programs.
According to data compiled by LSEG, the revenue for the quarter fell by 31% to $ 15.24 billion for the quarter, expected to $ 16.21 billion.
The quarter -adjusted loss per share was $ 5.9 compared to expectations of loss of $ 3 per share.
In 2024 in 2024, cash burn in 2024 was $ 14.3 billion in 2024.
Ortberg repeated the company’s four-part plan to turn on the business, including “multi-year travel” to fix the Boeing culture, “maybe the most important change we need to do.”
After the banking record-high profits in the 2010s, Boeing has gained more than $ 30 billion since 2019, as its best selling 737 Max Jet triggers production quality and safety concerns and concerns And concerns misled the regulators during the aircraft’s certification process.
The Covid-19 epidemic squeezed the company further, while in early 2024, the mid-air panel on the new 737 Max dragged Boeing into another crisis.
Ortberg said in a letter to the employees on Tuesday, “We have dives all our challenging fixed development programs deeply.”
The company’s defense, space and security business lost $ 5.41 billion in 2024.
Ortberg said Boeing has progressed with its supply chain and has returned to the output rate of five 787 jets per month in the end of 2024, despite delay in seats.
He said that the commercial plane division of Boeing has focused on certifying its three models, it is a good handle on fixing the Thrust link issue exposed on its 777x widebodies, which again again, which re -flying tests earlier this month Started from
Ortberg was preserved in its message about the situation of solving problems with anti-hiration systems on 737–7 and -10 models. The company is “still working through the testing phase, focusing on the influence of the anti-hiration design solution,” he said.
The company continues to continue investing in main businesses that are not original for our future, “he said.
