Boeing (BA) was the worst-performing stock in the Dow Jones Industrial Average Tuesday after the American plane maker's fourth-quarter 2024 deliveries revealed a widening gap with European rival Airbus.
CNBC's Phil LeBeau reports on the latest news from Boeing.
Deliveries of new Boeing jets bounced back in December after a crippling labor strike that slowed production last fall, but the company's annual deliveries dropped in 2024 to the lowest level since the COVID-19 pandemic.
Boeing's 2024 deliveries fell by about a third from a year earlier to 348 airplanes. The company's delivery gap with rival Airbus widened as the European plane maker handed over 766 jetliners.
Boeing expects to reach a balance between supply and market demand for passenger jets by the end of the decade, an executive said on Monday.
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The head of the world's largest aircraft leasing company, AerCap , said on Monday that potential new trade tariffs floated by U.S. President-elect Donald Trump could hit supply chains and hinder efforts by Boeing to generate much-needed cash.
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Boeing's stock price declined after a fatal crash involving a 15-year-old Boeing 737-800, but no design or manufacturing flaws are evident. The crash resulted from a bird strike and subsequent landing issues, not a Boeing 737 MAX or recent manufacturing error. Investigation will focus on crew actions, landing procedures, and air traffic control decisions, not on Boeing's design or manufacturing.
Airbus said it delivered 766 commercial aircraft last year. That was four short of its target, which had been reduced from 800 over supply-chain constraints.
Boeing is donating $1 million to U.S. President-elect Donald Trump's inauguration, a spokesperson for the U.S. planemaker said on Thursday.
Shares in aerospace giant Boeing (BA -0.43%) declined by 32.1% in 2024, according to data provided by S&P Global Market Intelligence. It was an eventful year for the company, marred by operational mishaps, industrial action, senior management changes, significant cash outflows, and disappointing airplane deliveries.