BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing has a healthy level of inventory and is optimistic heading into 2025 after resuming commercial aircraft production in December following a machinists' strike. The aircraft maker, which finalized a labor deal with workers early in November,
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
Elon Musk is working with Boeing on behalf of President Donald Trump in order to speed up replacements for the president’s planes, known as Air Force One, that are over budget and behind schedule.
Boeing faced its own challenges. It started 2024 with the hopes of putting its troubled past behind and getting on with aircraft delivery, but the Alaska Airlines midair blowout incident changed the trajectory of its operations for the rest of the year.
Despite more than $11 billion lost last year, investors are growing more optimistic about Boeing’s financial health. On Tuesday, the plane maker released fourth-quarter earnings showing nearly $4 billion in losses.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
Boeing aims this year to hike 737 production to at least 38 jets monthly, and possibly as high as 42 if it receives permission to do so from the Federal Aviation Administration.
Boeing CEO Kelly Ortberg on Tuesday faces investors antsy for answers on how the company plans to move forward from manufacturing problems after posting its sixth consecutive annual loss.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.