Boeing financials

Main article: Boeing

2024: Fivefold loss growth to $11.83 billion

At the end of 2024, Boeing suffered net losses of $11.83 billion. For comparison, a year earlier, losses amounted to about $2.24 billion. Thus, losses increased on an annualized basis by more than five times. This is stated in the financial report published on January 28, 2025.

Revenue from one of the world's largest manufacturers of aviation, space and military equipment is also showing negative dynamics. If in 2023 Boeing received $77.79 billion, then in 2024 - $66.52 billion. The fall on an annualized basis was at around 14%.

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Фото: Freepik

Boeing delivered 348 commercial aircraft during 2024 and also received 279 additional orders, the report said. At the same time, in monetary terms, the company's total order portfolio increased to $521 billion, including more than 5500 commercial airliners.

The deterioration in financial performance, as noted by Reuters, is caused by problems at major enterprises, as well as the consequences of the strike, which stopped the production of most Boeing aircraft. The company's CEO Kelly Ortberg said Boeing is restoring production stability after the 2024 incident when the Alaska Airlines Boeing 737-9 MAX fell off in the air. The aircraft made an emergency landing at Portland Airport; none of the passengers were injured. This incident raised concerns about the safety of the company's airliners. After the accident, the U.S. Federal Aviation Administration limited Boeing production to 38 aircraft per month. The company also faced a host of other manufacturing defects and cost overruns, which eventually led to multiple increases in losses.^[1]

2022

Loss growth to $5 billion

At the end of 2022, Boeing's net losses reached $5.05 billion, an increase from the monetary losses a year ago of $4.29 billion. The company cites such data in its statements published at the end of January 2023.

Revenue calculated according to the methodology GAAP (generally recognized accounting principles) in 2022 amounted to $66.61 billion. This is about 7% more than the result for 2021, when Boeing received $62.29 billion.

Boeing losses for the year increased and exceeded $5 billion

In the commercial segment, during 2022, Boeing shipped 480 airliners to customers. A year earlier, 340 aircraft were delivered. Thus, the growth was 41%. The revenue of the corresponding division rose by 33% - from $19.49 billion in 2021 to $25.87 billion in 2022. It is noted that the volume of outstanding orders exceeds 4,500 aircraft for a total of $330 billion. According to the Boeing 737 project, by the end of 2022, the company reached the production volume of 31 airliners per month with plans to increase production to about 50 aircraft per month in 2025-2026. The production of Boeing 787 airliners is still difficult, but at the end of 2023 the company expects to organize the production of five aircraft per month, and in 2025-2026 - up to 10 of these wide-body aircraft per month.

In the division, which is responsible for orders for the defense industry, space industry and security sector, revenue in 2022 amounted to $23.16 billion. This is 13% less than the figure for 2021, which was $26.54 billion. The volume of outstanding orders reaches $54 billion, of which 28% falls on customers outside the United States.

Another approximately $17.61 billion in 2022 brought global services. For comparison: in 2021, the revenue of this direction was $16.33 billion. An increase of about 8% was recorded^[2]

Loss growth 73 times to $4.3 billion in 9 months

The largest American aircraft manufacturer Boeing reported an increase in its own losses by 72.9 times - to $4.301 billion for 9 months of 2022.

2020: 19-fold loss growth, to $20.88 billion

In 2020, Boeing registered revenue of $58.16 billion, which is 24% less than a year ago, equal to $76.56 billion.

The company's losses in 2020 increased 19 times (to $20.88 billion against $636 million a year earlier) due to write-offs related to the 777X long-haul aircraft program.

In addition, the coronavirus pandemic had a negative impact on the financial performance of the American manufacturer of aviation, space and military equipment, COVID-19 as a result of which the demand for air transportation sharply decreased. The ban on 737 airliners MAX flights, which was in effect throughout almost all of 2020, also had an impact.

The return of 737 MAHs to service in the US and some other markets was a major step... After receiving FAA approval to resume operation, Boeing delivered more than 40 aircraft 737 MAX, the company said in a statement. By January 25, 2021 five airlines resumed flights 737 MAX, making 2700 commercial flights with a total duration of about 5500 hours.

Boeing chief David Calhoun added that there had been "major social upheaval" over the course of the year that was holding back the industry.

As of December 31, 2020, Boeing collected orders from customers in the amount of $363.4 billion, which is significantly less than the previous year, when it came to contracts for $463.4 billion. Most of the orders that have yet to be completed by the end of 2020 ($281.59 billion) fell on the supply of commercial aircraft (Boeing speaks of planned shipments of more than 4 thousand units). The second largest area was projects in the field of defense, cosmonautics and security - here the company recorded orders for $60.8 billion. Another $20.63 billion was raised by the American concern as part of the provision of all kinds of services around the world.^[3]

2019

First annual losses in 22 years

In 2019, Boeing's revenue reached $76.56 billion, down 24% year-on-year at $101.13 billion. The portfolio of outstanding orders, including more than 5.4 thousand passenger aircraft, turned out to be equal to $463 billion.

Boeing received its first annual loss in 22 years due to crashes of aircraft with defective software. In 2019, the company's net losses amounted to $636 million, while in 2018 net profit was measured at $10.46 billion. The total amount of write-offs due to problems with the Boeing 737 MAX, including compensation to customers, reached $9.2 billion at the end of 2019.

Boeing also said that its losses due to problems with the 737 MAX rose to $18.6 billion, that is, they turned out to be twice as much as previously reported: this includes both a decrease in profits and costs due to the cessation of production and payments to airlines.

Boeing makes first annual loss since 1997

Boeing CEO David Calhoun, at a conference on the publication of financial statements, said he was confident that the 737 MAX airliners would enter service again, despite repeated delays in obtaining regulatory certificates. According to the head of the aviation concern, the current business portfolio will allow Boeing to provide financial liquidity until the safe operation of the airliner is resumed.

In 2019, Boeing delivered 380 commercial aircraft, which is 53% less than a year earlier, and earned $32.26 billion (a decrease of 44%). Losses from this business reached $6.66 billion, while in 2018 commercial liners brought the manufacturer a profit of $7.83 billion.

The Defense, Space & Security division registered annual revenue at $26.23 billion, which is 1% less than in 2018. Turnover in the direction of Global Services increased by 8% to $18.47 billion.^[4]

Worst quarterly results

Company profit and loss by quarter

In August 2019 Boeing , it reported its worst quarterly losses amid rising costs due to its 737 Max flagship. The loss was 2.9 billion and dollars the stock fell 3.1 percent. Revenue plummeted to $15.8 billion.

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