Boeing lost $3.86 billion in the last three months of 2024, taking about $3 billion in charges in its commercial aircraft unit and its defense and space business spanning aircraft

Boeing CEO Kelly Ortberg announced progress in the company’s recovery after a $14 billion loss in 2024. He expects Boeing to turn cash flow positive later this year, boosting investor confidence and driving a 6% rise in shares.

In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."

Boeing Co. Chief Executive Officer Kelly Ortberg said he’s optimistic the company can return to a closely watched production rate of its all-important 737 airliner this year, a key milestone to help turn a corner after reporting the second-worst annual loss in its history.

Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.