Safety points and strikes blamed as Boeing losses balloon to £10bn – its worst efficiency since peak of Covid
Boeing reported its second-biggest annual loss after safety issues and strikes plunged it into crisis.
The American plane maker’s losses ballooned to £9.5billion in 2024 – the worst performance since it tumbled £9.6billion into the red when flights were grounded at the height of the Covid-19 pandemic in 2020.
And it was 81 per cent – or £7.7billion – more than the £1.8billion loss it recorded a year earlier.
The latest figures revealed yesterday highlight the challenge facing boss Kelly Ortberg after he was appointed in August last year.
![Turbulence: Boeing's losses ballooned to £9.5bn in 2024 – the worst performance since it tumbled £9.6bn into the red when flights were grounded at the height of the Covid-19 pandemic](https://i.dailymail.co.uk/1s/2025/01/28/18/94605869-0-image-a-1_1738087352069.jpg)
Turbulence: Boeing’s losses ballooned to £9.5bn in 2024 – the worst performance since it tumbled £9.6bn into the red when flights were grounded at the height of the Covid-19 pandemic
A seven-week strike by Boeing workers last autumn caused a dramatic slowdown at its factories.
A huge controversy over the jet maker’s safety record after a door panel was ripped off mid-flight at 16,000 ft last year also had an impact.
That followed two fatal crashes involving its 737 Max planes in 2018 and 2019 in which 346 people died.
Ortberg said: ‘We made progress on key areas to stabilise our operations during the quarter and continued to strengthen important aspects of our safety and quality plan.’
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