Boeing reported a loss of USD 3.8bn for the fourth quarter on Tuesday, as a machinists’ strike and other problems plagued the troubled aircraft maker.

Boeing has suffered a loss of more than USD 35 Billion since 2019, following the crashes that resulted in 346 deaths. Boeing lost USD 11.8 billion for the entire year 2024.

Boeing released numbers that were in line with the pre-reported figures last week. These included nearly USD 3 Billion in charges during the period, due to the labor strike, job losses and problems with several government programs.

Boeing’s loss per share was USD 5,46 per share, which is significantly higher than the USD 3,08 loss Wall Street analysts had expected, according FactSet, a data firm.

The fourth quarter of 2018 was a tough year for Boeing. A strike by machinists assembling the best-selling 737 Max along with the 777 and 767 cargo planes at factories in Renton, Washington, halted the production at these facilities and hampered Boeing’s ability to deliver. The company agreed to pay higher wages and improve benefits after the walkout ended.

The company confirmed many of the details it reported last week, such as that it took charges amounting to USD 1.1 billion for the 777 and the 767 programs during the fourth quarter. Boeing took USD 1.7 billion more in charges for a number government programs, including a military refueling tanks and Air Force One replacement aircraft.

Boeing reported revenue for the fourth-quarter totaling USD 15.2 billion. This was below analysts’ revised estimate of USD 15 billion, according FactSet. The full-year revenue was USD 66.5 billion. This is a 14USD decrease from 2023.

Boeing, as it reported earlier this month also said, it supplied 348 aircraft last year. That’s more than a quarter less than the company’s 528 aircraft it finished for airlines or leasing outfits in 2023. It is also less than half what Airbus delivered to airlines last year.

Deliveries can be a valuable source of revenue for aircraft manufacturers because buyers typically pay an important portion of the price of their order when it is fulfilled.

Boeing supplied more than three-quarters 737 Max jets. The company’s best-selling airline model is a major factor in the company’s success and challenges.

The company was planning to ramp up production by 2024, but a panel known as a door plug blew away from a 737 max shortly after takeoff in Portland, Oregon in early January. The Federal Aviation Administration has halted production of Max jets in the wake of an incident aboard Alaska Airlines flight.

The damage to the company’s finances, reputation and sales of new aircraft was also extensive. Boeing did not receive any 737 Max orders in at least two months, and ended the year behind Airbus for total net orders of commercial planes. This indicator includes cancellations. Boeing Co shares, based in Arlington Virginia, rose less than 1% just before the opening bell.