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Boeing Suffers Losses Amid Strikes and Operational Challenges, Reports Some Progress

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Boeing Suffers Losses Amid Strikes and Operational Challenges, Reports Some Progress
A strike sign hangs from a post near a Boeing sign as factory workers and supporters join a picket line during the third day of a strike near the entrance to a Boeing production facility in Renton, Wash., on Sept. 15, 2024. David Ryder/Reuters
Panos Mourdoukoutas
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News Analysis

Boeing reported another loss of $3.86 billion in the fourth quarter of 2024, still feeling the effects of operations problems and a prolonged strike by its labor union. The company’s president and CEO, Kelly Ortberg, said it has progressed in addressing operations issues and rebuilding relations with customers and employees, suggesting that the worst may be behind it.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”