Boeing has announced its financial results for both the final quarter (Q4) and the full year of 2024 with both falling well below market expectations. The planemaker ended Q4 with revenues of $15.2 billion, 31% lower than those of the same quarter in 2023, and a net loss of $3.8 billion. The operating cash outflow was $3.4 billion, compared to cash flow of $3.3 billion in Q4 2023.

The revenue of $15.2 billion fell short of market expectations, highlighting the adverse effects of operational disruptions and strategic challenges faced during the final quarter of 2024. In its report, the Boeing Company stated that the final quarter of 2024 had been extremely challenging for the company, with airplane production severely impacted by the prolonged industrial dispute involving members of the International Association of Machinists and Aerospace Workers, changes in certain defense programs, and the costs incurred through workforce reductions.

These elements contributed to a GAAP loss per share of $5.46 and a core loss per share of $5.90. Operating cash flow was negative at $3.5 billion, with cash and marketable securities totaling $26.3 billion by the end of the quarter.

Boeing 787Boeing 787
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Boeing’s commercial airplanes segment faced a substantial decline in deliveries, with only 57 aircraft delivered compared to 157 in the same period in 2023. This resulted in a 55% drop in revenue for the commercial airplanes division, totaling $4.8 billion. Full-year deliveries of commercial airplanes for 2024 rounded out at 348 compared to 528 in 2023.  

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