Boeing (-0.21% to 178.07 dollars) fell back to Wall Street the day after the announcement of disappointing preliminary results in the fourth quarter of 2024. Over this period, the aeronautical manufacturer tables on a turnover of 15.2 billions of dollars and a loss per share of $ 5.46. The consensus of FactSet analysts anticipated, before these announcements, on a turnover of $ 16.55 billion and a net loss of $ 1.55 per share. The company also announced a $ 1.1 billion burden in its commercial aviation branch.
In addition, the load amounts to $ 1.7 billion in its defense branch, space and services.
The American group explained these poor performance by the consequences of the strike of more than fifty days carried out in the fall by nearly 33,000 workers working in two factories of the American company near Seattle.
On January 14, the American aircraft manufacturer announced the delivery of only 348 planes during the year 2024 against 523 in 2023. These deliveries fell to their lowest level from the Cavid-19 pandemic and far below of the 766 devices delivered by its European competitor Airbus.
“Although we are faced with short -term challenges, we have undertaken important actions to stabilize our activity during the quarter, including achieving a social agreement” with the Machineists’ Syndicat (IAM) and successfully achieves an increase in Capital to improve our accounting assessment, “said Kelly Ortberg, boss of Boeing, in a statement published yesterday, about the difficult situation that the group knows.
In mid-December 2024, after the end of this strike which had disrupted his activity, Stephanie Pope, CEO of Boeing Commercial Airplanes, had then confirmed on social networks that the company had resumed the production of devices 737, 767, 777 and 777x.
-It was in early November that the American manufacturer had announced the end of the seven -week -old strike after the workers of the American manufacturer voted in favor of a salary agreement. The Syndicat des Machinistes IAM had approved the new management offer at 59%. This provides for a salary increase of 38% over four years (against 35% previously), as well as bonuses of gratuity and productivity.
In addition, the year 2024 had started badly for Boeing who experienced several setbacks (incident in the middle of theft in New Zealand, a 737 max 9 device from the American airline Alaska Airlines forced to land urgently as a result of the Loss of an evacuation door …).
The final results of Boeing in 2024 should be known on January 28.
Source: AOF
■
