Boeing lost nearly a billion dollars a month in 2024 because he faced a security crisis, quality control problems and a damaging strike.
The aerospace giant lost $ 11.8 billion during the year, its worst result since 2020, when the aeronautical industry was based on the cocovid pandemic.
During the three months to the end of December, when strikes affected the company, it lost $ 3.8 billion.
In addition to suffering from well -published problems in his commercial aircraft unit, Boeing also had trouble affecting a number of defense programs.
The CEO, Kelly Ortberg, said that the company focused on what it called the “fundamental changes” necessary to restore its fortune and restore confidence.
Boeing had a terrible year by any measure. In January 2024, a door panel fell from a brand new 737 max shortly after takeoff, leaving a gaping hole in the side of the plane. Investigators said he had not been bolted properly.
The incident has highlighted serious defaults for the quality of the company’s quality – and its main supplier, Spirit Aerosystems. He also rekindled concerns about Boeing’s attitude towards security.
Boeing had tried to get out of the shadow of two high -level accidents involving a different 737 model, Max 8, 2018 and 2019, which killed 346 people.
The latest incident forced Boeing to limit production, regulators, regulators have called for changes in the factory, and demanded the implementation of a full security and quality control plan.
In August, Boeing appointed his new CEO, Mr. Ortberg, a veteran engineer who was led to stabilize the ship.
But he immediately faced a serious challenge.
A strike of 33,000 workers, most of the Heartlands of Boeing around Seattle stopped two of its most important factories and stopped the production of the 737 Max, 777 and 767 Freighter.
The seven -week stop, which started in September, reflected a deep resentment sitting among the employees about their wages and retirement provisions. The dispute was settled in early November, but it cost the billions of corporate companies.
Boeing acted. He announced his intention to dismiss 10% of his workforce and began to collect more than $ 20 billion thanks to a combination of sales and borrowing in order to protect his credit rating.
He also delayed the entry into service of the 777X. A new version of the long-haul battle horse, it was already late, but it had to start operating in 2025. It will only transport passengers in 2026.
In total, Boeing delivered 348 commercial planes last year. Its large Rival Airbus delivered 766.
The problems in Boeing’s defense activities were less visible, but no less damaging. The unit has lost more than $ 5 billion, largely thanks to the increase in costs of military contracts at a fixed price.
Commenting on the results, Mr. Ortberg said: “We have made progress in the key areas to stabilize our operations during the quarter and continued to strengthen the important aspects of our security and quality plan.
“My team and I focus on achieving the fundamental changes necessary to fully recover the performance of our company and restore confidence with our customers, our employees, our suppliers, our investors, our regulators and all the others who count on us. “”
