(Reuters) – Boeing reported on an annual loss of $ 11.83 billion (11.35 billion euros) on Tuesday, the largest since 2020, while the aeronautical manufacturer has faced difficulties in its Commercial and defense divisions, as well as a strike in its factories on the American West Coast.
Director General Kelly Ortberg must rectify the situation of the aircraft manufacturer, who gives in more and more land to his rival Airbus in the race for deliveries and finds himself in the crosshairs of regulators and customers following a series of False.
The action of Boeing fell slightly in the trade-off exchanges.
Kelly Ortberg, who took the reins of the group in August, said that the company made progress to restore the stability of its production lines, after an air accident in 2024 raised concerns about the security of His devices.
Boeing recorded a loss of $ 3.86 billion in the fourth quarter due to charges deemed “disappointing” by the Director General in several defense programs at a fixed price. However, he added that Boeing was “now more proactive and more lucid on the risks” linked to these programs.
The quarter turnover ending in December dropped by 31% to $ 15.24 billion. Analysts were tabed on $ 16.21 billion, according to data compiled by LSEG.
The loss adjusted by action for the quarter rose to $ 5.9, against a forecast of $ 3 loss per share.
The defense, space and security activity of the company lost $ 5.41 billion in 2024.
The aeronautical manufacturer has announced a global loss of around $ 4 billion for the fourth quarter, near the triple of the loss expected by Wall Street.
Kelly Ortberg reiterated the plan in four parts of the company to straighten the company, including the commitment to take “several years” to correct the culture of Boeing, “perhaps the most important change we have to make “.
The managing director claims that Boeing has progressed in his supply chain and found a rate of production of five aircraft 787 per month by the end of 2024, despite delays.
Boeing continues to invest in its main activities while rationalizing its portfolio, he adds.
(Abhijith Ganapavaram report in Bangalore, Allison Lampert in Montreal and Dan Catchpole in Seattle, Noémie Naudin, edited by Kate Entringer)
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