Finance, Taxes, Insurance
Boeing Strives To Turn Corner on Heavy 2024 Losses
Machinists’ strike and troubled defense programs take a toll on balance sheet
Boeing 737 Max aircraft
Boosting production rates for the 737 Max airliner beyond the current monthly rate of 38 units is a key objective at Boeing.

Boeing’s rebooted leadership team led by new CEO Kelly Ortberg has started 2025 determined to put painful losses in both civil and defense business divisions in the past tense. This was the glass-half-full messaging from a 2024 results call on Tuesday headlined by an almost five-fold worsening in net losses at $11.8 billion from revenues that declined by 14.5% to $66.5 billion.

Ortberg told analysts that the group is making “steady progress” in stabilizing its commercial airplane business, which was badly knocked off course last year by a highly disruptive strike by members of the IAM union. Boeing is focused on ramping up production but within the strict confines of what can be sustained within the safety management system it has recast in close cooperation with the FAA.