HomeBusiness Travel NewsBoeing Halves Losses, but Safety Record Remains Under Spotlight

Boeing Halves Losses, but Safety Record Remains Under Spotlight

Boeing has posted a strong set of annual financial results, but the real focus is still on the planemaker’s safety levels.

Boeing posted a 17% rise in revenues to $77.8bn; and halved its net losses from just over $5.05bn, in 2022, to $2.24bn for last year.

The Boeing 787 Dreamliner

However, management has admitted the planemaking giant’s future is uncertain and that it faces a serious challenge to overcome its latest health scare with January’s incident involving a panel falling off an Alaska Airlines Boeing 737-MAX 9 plane while it was in flight.

“While we report our financial results today, our full focus is on taking comprehensive actions to strengthen quality at Boeing, including listening to input from our 737 employees that do this work every day,” said Dave Calhoun, Boeing president and chief executive.

“As we move forward, we will support our customers, work transparently with our regulator and ensure we complete all actions to earn the confidence of our stakeholders.”

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.
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