BOEING REPORTS BIGGEST ANNUAL LOSS IN 4 YEARS

BOEING REPORTS BIGGEST ANNUAL LOSS IN 4 YEARS
BOEING REPORTS BIGGEST ANNUAL LOSS IN 4 YEARS

Boeing lost $11.83 billion in 2024, its biggest loss since 2020.

In the fourth quarter, it lost $3.86 billion, mainly due to problems in its defense programs.

Boeing’s quarterly revenue dropped 31% to $15.24 billion, which was lower than expected.

The company spent $14.3 billion in cash, much more than the previous year.