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, including a 30% revenue drop in Q4 due to factors such as union strikes and workforce reductions.
CEO Kelly Ortberg acknowledged challenges but emphasized "steady progress" in recovery, citing improved safety and quality plans, positive FAA review, and efforts to stabilize operations.
The company is focused on stabilizing production rates (currently 38 737 Max and 5 787s per month) and progressing through certification for the 737-7, 737-10, and 777X models, while also implementing a multiyear culture change.

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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.