Boeing announces losses of $ 11.8 billion in 2024

The American Boeing Aircraft Manufacturing Company announced on Tuesday that it incurred a net loss of $ 11.82 billion during the year 2024, in which it suffered problems in the quality of production and a lengthy strike for workers.

“Despite the difficulties we have seen, we notice encouraging indicators to progress as we are working on the group’s structure,” said Boeing CEO, Kelly Ordrag, who has been in charge of the company since the summer in a letter addressed to the employees.

On October 12, Boeing, which faces problems in the quality of production and witnessed a strike for more than 50 days that has paralyzed two major factories, announced its intention to reduce its hand operating globally by 10 percent in the coming months.

Boeing entered the year 2025 amid major challenges imposing a comprehensive restructuring at various levels.

After a series of crises that greatly affected its reputation and profits, from deadly accidents to labor strikes and defects in production, Boeing is now heading towards a new strategy that focuses on stabilization of production and quality improvement.