WASHINGTON (AP) — Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. For the full year 2024, Boeing logged a loss of $11.8 billion.
The numbers Boeing released are in line with what the company pre-reported last week, including nearly $3 billion worth of charges in the period due to the labor stoppage, job cuts and problems with a number of government programs.
Boeing's loss per share was $5.46 per share, well above the $3.08 loss that Wall Street analysts expected, according to the data firm FactSet.
The fourth quarter caps a rough year for Boeing. A strike by the machinists who assemble the best-selling 737 Max, along with the 777 jet and the 767 cargo plane at factories in Renton and Everett, Washington, halted production at those facilities and hampered Boeing’s delivery capability.
The walkout ended after more than seven weeks when the company agreed to pay raises and improved benefits.
The company reiterated much of what it reported in last week's release, including that it took charges totaling $1.1 billion related to the 777 and 767 programs in the fourth quarter. Boeing took an additional $1.7 billion in charges related to a number of government programs including a military refueling tanker and Air Force One replacement jets.
Boeing said revenue for the fourth quarter totaled $15.2 billion, below analysts’ updated estimate of $15.7 billion, according to FactSet. Full-year revenue came in at $66.5 billion, a 14$ decline from 2023.
As it also reported earlier this month, Boeing said it supplied 348 jetliners last year, more than a third fewer than the 528 the company finished for airlines and leasing outfits in 2023 and less than half the number of jetliners that Airbus delivered last year.
Deliveries are an important source of cash for plane manufacturers since buyers typically pay a large portion of the purchase price when their orders are fulfilled.
More than three-quarters of the planes that Boeing furnished were 737 Max jets, a reminder of how integral its best-selling airline model has been to the company’s fortunes and challenges.
The company had expected to ramp up production in 2024 until a panel called a door plug blew off a 737 Max shortly after takeoff from Portland, Oregon, in early January. In the wake of the incident aboard an Alaska Airlines flight, the Federal Aviation Administration capped production of Max jets until Boeing could convince federal regulators it had corrected manufacturing quality and safety issues.
The hit to the company’s finances and reputation extended to sales of new aircraft. Boeing received no 737 Max orders for at least two months and ended the year far behind Airbus in total net orders for commercial planes, an indicator that factors in cancellations.
Shares of Boeing Co, based in Arlington, Va., nudged up less than 1% before the opening bell.
FILE - Boeing 737 Max airplanes, belonging to Air Canada and other airlines, sit parked in a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle. (AP Photo/Ted S. Warren, File)
BEKKERSDAL, South Africa (AP) — Nine people have died and at least 10 others were wounded after a group of gunmen carried out a shooting at a South African pub during the early hours of Sunday, authorities said.
The incident occurred just before 1 a.m. in the township of Bekkersdal which is located 46 kilometers (28 miles) west of Johannesburg. It is the second mass shooting in South Africa in three weeks.
About 12 unknown suspects in a white minibus and a silver sedan opened fire at pub patrons at KwaNoxolo tavern, in the Tambo section of Bekkersdal and continued to shoot randomly as they fled the scene, according to police.
“Some victims were randomly shot in the streets by unknown gunmen,” the police said of the incident that left nine people dead and 10 hospitalized.
Maj. Gen. Fred Kekana, the acting provincial commissioner of Gauteng, told the AP at the scene that the gunmen, some of whom wore balaclavas, had one AK-47 rifle and several 9-millimeter pistols.
Police did not release information about the victims, but police spokesperson Brigadier Brenda Muridili confirmed that an e-hailing driver was among those caught in the crossfire. She said the driver had just dropped off a client.
“He was shot and killed,” she told The Associated Press.
The motive for the shooting is unknown. A manhunt for the suspects in the multiple gunshot event has been initiated by Gauteng Serious and Violent Crime Investigations in collaboration with the Crime Detection Tracing Unit.
There have been several mass shootings at bars — sometimes called shebeens or taverns in South Africa — in recent years, including a mass shooting carried out by multiple suspects in an unlicensed bar near the South African capital that left at least 12 people dead and 13 injured earlier this month.
Another shooting killed 16 people in the Johannesburg township of Soweto in 2022. On the same day, four people were killed in a mass shooting at a bar in another province.
The second-largest political party in South Africa, the Democratic Alliance, called for a special task force to probe the two recent shootings in the province.
Surrounded by abandoned mine shafts, the Bekkersdal region is notorious for illicit mining operations, which have led to serious social problems, including gang violence and the proliferation of illegal firearms.
With almost 26,000 homicides in 2024, or more than 70 per day on average, South Africa has one of the highest homicide rates in the world. Firearms are by far the leading cause of death in homicides. Although the nation of 62 million has comparatively stringent gun control laws, officials say many murders are carried out using illegal firearms.
Gumede reported from Johannesburg.
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
Onlookers gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
