Summary

Boeing reported a $11.83 billion annual loss in 2024, its largest since 2020, driven by issues in its commercial and defense units, as well as a crippling West Coast workers’ strike.

The company also posted a $3.86 billion Q4 loss due to charges in fixed-price defense programs and saw revenue drop 31% to $15.24 billion.

CEO Kelly Ortberg emphasized efforts to stabilize production and improve company culture after setbacks, including 737 Max safety concerns, pandemic impacts, and a mid-air accident.

Boeing burned $14.3 billion in cash in 2024.