The aerospace giant’s year-over-year loss of $11.8 billion was its worst since 2020, when the Covid epidemic halted the aviation sector.
The company lost $3.8 billion in the three months leading up to the end of December, when strikes were having an impact.
In addition to its widely reported troubles at its commercial airplane division, Boeing also had challenges with several defense programs.
According to CEO Kelly Ortberg, the company is concentrating on what he described as the “fundamental changes” required to turn the company around and rebuild confidence.
By every standard, Boeing has had a terrible year. Shortly after takeoff in January 2024, a door panel of a brand-new 737 Max broke off, creating a huge hole in the side of the aircraft. Investigators stated
