Boeing loses approximately $ 1bn every month in 2024
Boeing lost about one billion dollars per month in 2024, as it was struggling with a security crisis, quality control issues and a harmful strike.
The aerospace giant lost $ 11.8bn throughout the year, the worst result since 2020, when the aviation industry was grounded by Kovid epidemic.
By the end of December, in three months, when the strike business was affected, it lost $ 3.8bn.
Along with suffering well-promoted problems in its commercial aircraft unit, Boeing also fought with issues affecting several defense programs.
Chief Executive Kelly Ortberg said the company was focusing on what they called the “fundamental changes” required to restore their fate and restore the trust.
Boeing has been a terrible year with any remedy. In January 2024, a door panel fell from a new 737 Max immediately after the take-off, causing a gapping hole to the side of the aircraft. Investigators said it was not bolt properly.
This phenomenon highlighted serious quality control failures in the company – and on its main supplier, Spirit Aerosystems. It also dismissed concerns about Boeing’s attitude towards safety.
In Boeing 2018 and 2019, a separate 737 model, The Max 8, in which 346 people died, including a separate 737 model, The Max 8, was trying to emerge from the shadow of two high-profile accidents, including the Max 8. .
The latest incident forced Boeing to curb production, as the regulators called the factory to change, and demanded the implementation of a comprehensive security and quality control plan.
In August, Boeing appointed its new Chief Executive Officer Mr. Ortberg, a experienced engineer, which was brought to stabilize the ship.
But he immediately faced a serious challenge.
A strike of 33,000 workers, most of them stopped two of their two most important factories in Boeing’s Heartlands around Seattle, and stopping the production of 737 Max, 777 and 767 Freatters.
The seven-week stagnation starting in September reflected the resentment of their salaries and the provisions of retirement. The dispute was decided in early November, but its price was billions.
Boeing took action. This announced a plan to shut down 10% of its workforce and began raising more than $ 20bn through a combination of share sales and borrowings to protect its credit rating.
It also delayed admission to 777x service. A new version of the Long-Hall Works, it was already late, but was expected to start operations in 2025. It will no longer take passengers by 2026.
Overall, Boeing distributed 348 commercial aircraft last year. Its great rival Airbus gave 766.
Problems in Boeing’s defense business are less visible, but no less harmful. The unit lost more than $ 5BN, large -scale fixed value thanks to the rising costs on military contracts.
Commenting on the results, Mr. Ortberg said: “We progressed on major areas to stabilize our operations during the quarter and continued to strengthen important aspects of our safety and quality plan.
“My team and I am focusing on using the fundamental changes that we are fully recovering the performance of our company and to restore confidence with our customers, employees, suppliers, investors, regulators and all others Trusting. “
