Boeing Shares Surge by 6% Despite Difficult Year Marked by Losses and Challenges

Boeing’s stock rose by 6% on Tuesday morning after the company reported a fourth-quarter net loss that aligned with its recently disclosed preliminary results. The plane maker closed out a challenging year marked by significant financial setbacks, safety investigations, and a workers’ strike.

The company announced a net loss of $3.86 billion, equivalent to $5.46 per share, with revenue declining 31% year-over-year to $15.24 billion—figures that matched its preliminary estimates. Additionally, Boeing reported an operating cash flow of negative $3.45 billion, closely aligning with its forecast of negative $3.5 billion.

CEO Kelly Ortberg stated that the company’s leadership team remains focused on implementing essential changes to improve performance and rebuild trust with stakeholders, including customers, employees, suppliers, investors, and regulators.

The financial results marked Boeing’s first report since resolving a nearly two-month strike by its union machinists in November. The company now aims to boost production and deliveries, which had experienced a sharp decline in 2024.

Boeing’s challenging year also included regulatory investigations, one of which stemmed from an incident involving the midair detachment of a door plug on an Alaska Airlines flight in January 2024.

After the report’s release, Boeing shares initially showed little movement in premarket trading. However, they surged after the market opened, recently trading at $186.49. The stock had entered the day down nearly 15% over the past 12 months.

Have you read?
Countries Most in Debt to the International Monetary Fund (IMF).
Most Successful Unicorn Startups.
$100 Billion Club: Richest People With The 12-Figure Fortunes.
Largest electricity consumers in the world, by country (in terawatt-hours).
Countries that Export the Most Goods and Services.