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.
Zacks.com users have recently been watching Boeing (BA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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.
People tend to ignore their government's finances because they seem more complicated than personal finances, yet they are exactly the same. They are nothing more than ledgers of income, expenses, debts, and assets.
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.
In 2024, Boeing shares fell 32% while United Airlines shares gained 135%, easily eclipsing the performance of equities in the six other major U.S. airlines.
Now that the 2024 trading year is over, all the biggest investment banks and brokers are starting to roll out their reports and views to align themselves with what 2025 might bring. These outlooks and opinions are often the foundation and benchmark used by clients and other Wall Street players in the industry, so it is more important than ever for retail investors to keep them in mind.