Boeing lost a lot of money again in the third quarter of 2024

5.7 billion euros is the loss recorded by Boeing during the third quarter of 2024, the aircraft manufacturer’s worst performance since 2020.

A bad result which can be explained above all by the paralysis of its commercial aviation branch. With slow production due to recurring quality problems and a fifty-four day strike in its historic factories near Seattle. The American giant suffered. In October, it delivered… 14 planes.

Reduction in workforce

The new CEO, Kelly Ortberg, is trying by all means to let go. He came up with a plan for 17,000 redundancies, or 10% of the workforce. Amid rumors of asset sales in the space sector, the aircraft manufacturer successfully launched a $19 billion fundraising effort, even raising an additional $2 billion. Enough to find a little air, but with a debt of more than 50 billion dollars to manage. The industrialist seems to retain investor confidence. That’s already it.

You are reading an article from L’Usine Nouvelle 3737 – December 2024
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