Boeing’s full 2024 earnings are in: Aviation manufacturing giant Boeing’s y-o-y net losses surged by 427% to reach USD 11.83 bn, up from USD 2.24 bn, while the firm’s revenues also saw a 14% y-o-y decline in revenues to USD 66.5 bn in 2024, according to its official financial results.

We had a hint of their quarterly earnings earlier: Boeing predicted its 4Q losses would surpass market forecasts, having brought in revenues of USD 15.2 bn. The dip in 4Q revenue was due to a six-week-long machinist strike, higher costs in its defense division, and cuts to its workforce, resulting in some USD 2.8 bn in charges.

…as for its delivery figures: Boeing recorded 348 commercial aircraft deliveries in 2024, slightly above the expected 340 jets and down from 480 the year prior. The planemaker is not expected to make significant improvements in delivery results before the end of 2025, aviation intelligence firm OAG chief analyst John Grant told CNBC.

The planemaker’s woes are continuing into 2025: Boeing’s delivery delays and generalsupply chain disruptions are set to persist into 2025. “We don’t expect to get [new Boeing aircraft] until 2026,” Lufthansa Chief Executive Carsten Spohr told journalists in October. Emirates President Tim Clark slammed Boeing the same month for its 777x delivery delays, saying that the airline “had to make significant and highly expensive amendments to [its] fleet programs as a result of Boeing’s multiple contractual shortfalls.”

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