Boeing Reports Losses Amid Delays With 787 Program

CEO David Calhoun remained optimistic about his company’s ability to turn things around.

Michael Wildes

Wednesday, January 26, 2022 at 05:06 PM ET

Verified

Boeing delivered 99 jetliners, 84 of which were 737 Maxs in the fourth quarter of 2021. [Courtesy: Boeing]

Key Takeaways:

Boeing reported its third consecutive year of losses in 2021, though significantly reduced from 2020, while achieving revenue growth and positive free cash flow in Q4, with CEO David Calhoun optimistic about a turnaround.
The 737 Max program is successfully returning to service and increasing production, contrasting with the 787 Dreamliner which continues to face substantial production delays and mounting charges due to quality issues.
The company is prioritizing safety, quality, and culture, investing in future technologies like autonomous eVTOLs, and maintains a significant order backlog despite recent share price drops.

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Despite fourth-quarter and full-year earnings results that saw Boeing (NYSE:BA) register three consecutive years of losses, and significant production delays with its 787 program, CEO David Calhoun remained optimistic about his company’s ability to turn things around.

He said 2021 “was a rebuilding year” for the company in a statement Wednesday ahead of the company earnings call. “Across the enterprise, we remain focused on safety and quality as we deliver for our customers and invest in our people and in our sustainable future.”