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NEW YORK: Boeing posted a $3.9 billion fourth-quarter loss, bringing its full-year deficit to $11.8 billion, marking its sixth consecutive year of losses. However, shares rose 1.5% as investors focused on signs of improvement under new CEO Kelly Ortberg.
The US aviation giant faced setbacks from a seven-week labor strike, reduced aircraft deliveries, and intensified regulatory scrutiny following a mid-air blowout on an Alaska Airlines 737 MAX. The Federal Aviation Administration (FAA) has limited Boeing’s MAX production to 38 planes per month, pending safety improvements.
Ortberg, who joined Boeing in August, remains optimistic, stating that production ramp-ups are on track, with expected FAA approval for higher MAX output in the second half of 2025.
In addition, Ortberg confirmed discussions with Trump advisor Elon Musk about accelerating the delivery schedule for the next Air Force One fleet.
Despite financial struggles, investors remain hopeful, focusing on Boeing’s long-term recovery and production stability.
