Boeing Reports $11.8B Annual Loss in Q4 Earnings

Aircraft builder delivered just under 350 commercial airplanes during a bumpy 2024.

Caleb Revill

Tuesday, January 28, 2025 at 12:52 PM ET

Verified

Edited By:

Kimberly Johnson

Boeing 737 Max assembly line [Credit: Boeing]

Key Takeaways:

Boeing reported a significant net loss of $11.8 billion for 2024 and a 30% revenue decrease in Q4, primarily due to union strikes and workforce reductions.
CEO Kelly Ortberg stated the company is making "steady progress" in stabilizing operations, securing FAA acknowledgment of improvements in its safety management system and an agreed path for increasing 737 production rates.
Despite current challenges, Boeing concluded 2024 with a robust backlog of over 5,500 commercial airplanes, valued at $521 billion, and continues work on certifying new models like the 737-7, 737-10, and 777X.

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During an earnings call with investors Tuesday morning, Boeing reported revenue of $15.2 billion in the fourth quarter of 2024—a year that ended with an overall net loss of $11.8 billion for the beleaguered aircraft manufacturer.

The quarter’s revenue results are down 30 percent from $22 billion in Q4 2023 with a loss per share of $5.46. In its Q4 earnings news release, Boeing stated this drop was largely due to union worker strikes by the International Association of Machinists (IAM) last fall as well as costs associated with reducing its workforce.