Boeing Faces $4 Billion Loss in Q4 2024 Due to Strikes and Safety Issues

Boeing is projecting a significant $4 billion loss for the fourth quarter of 2024, following a challenging year marked by labor disputes, safety incidents, and production delays. The company is also forecasting a loss of $5.46 per share, with revenue estimates at $15.2 billion, falling short of analysts’ expectations. Boeing’s performance has been severely impacted by a nearly two-month machinists' strike that halted production of commercial aircraft, especially the 777X and 767 programs. In addition to the labor disruption, Boeing faced a midair safety incident involving a door plug malfunction, reigniting safety concerns and slowing aircraft deliveries. Despite raising over $20 billion to improve liquidity, Boeing continues to grapple with its long-standing financial troubles, having not posted a profit since 2018. The company has committed to stabilizing its business with new labor agreements and efforts to restore production efficiency. However, Boeing’s future depends on overcoming these internal and external challenges, including a costly defense sector, with delays on major projects like the KC-46A tanker and Air Force One.

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Boeing Faces $4 Billion Loss in Q4 2024 Amid Strikes and Safety Issues