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International Business Times

Business

Hopes For Turnaround Lift Boeing Shares Despite Huge Losses

Boeing Kelly Ortberg Elon Musk Donald Trump Alaska Airlines CNBC

Boeing's CEO expressed confidence in ramping up plane production, lifting shares (Credit: AFP)

Boeing reported a hefty fourth-quarter loss Tuesday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit.

The US aviation giant reported a fourth-quarter loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants.

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