Boeing stock rallies on plane progress despite $11.8-billion annual loss

Published On Jan 28, 2025, 12:10 PM

Boeing's stock increased by nearly 8%, despite the company reporting an $11.8 billion loss for the year, its largest in four years. The loss stemmed from production issues and the impact of a significant strike, but the company announced progress in increasing jet production capacity, which could boost future performance. Boeing delivered 33 737 jets in January and anticipates exceeding production caps. There are challenges ahead, including competition with Airbus, regulatory scrutiny, and a $87.5 billion inventory. While cash flow is expected to improve later in the year, Boeing still faces pressure due to previous losses and inventory management.