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, with Q4 revenue falling 30% to $15.2 billion, primarily attributed to union worker strikes and workforce reductions.
Despite financial setbacks, CEO Kelly Ortberg emphasized "steady progress" in operational recovery, noting "significant improvement" observed by the FAA and an agreed-upon path to increase 737 Max production rates beyond the current 38 per month.
The company is prioritizing the certification of new models (737-7, 737-10, 777X with first delivery anticipated in 2026) and is undertaking a multiyear culture change initiative, while maintaining a robust backlog of over 5,500 commercial airplanes.

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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.