Boeing faces record losses in 2024

31-01-25

In 2024, Boeing posted net losses of $11.875 billion, slightly exceeding 2020's loss of $11.873 billion. This negative result is attributed to a number of challenges the company faced throughout the year, including safety issues, production disruptions and a significant labor strike. 

One of the most high-profile incidents was the explosion of a door panel mid-flight, which raised concerns about aircraft safety and led to increased oversight by regulatory authorities. This event caused a pause in production and delays in deliveries, negatively affecting the company's revenues. 

In addition, Boeing faced a 53-day strike at its Seattle plant, where workers demanded better working conditions and wages. The strike culminated in an agreement that provides for a 44% wage increase over four years, which represents a significant increase in the company's operating costs.