By Abhijith Ganapavaram, Allison Lampert and Daniel Catchpole
January 28, 2025 – 7:54 AM PST
Advertisement
(Reuters) – Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped 6%, despite the company recording its biggest annual loss in four years.
The $11-8-billion loss, due to problems at its major units, along with fallout from a crippling strike, demonstrates the challenges facing CEO Kelly Ortberg in turning around the U.S. planemaker. It has ceded ground to rival Airbus (AIR.PA) in the delivery race and entered the crosshairs of regulators and customers following a series of missteps.
Chief Financial Officer Brian West told analysts the planemaker had delivered 33 of its strongest-selling 737 jets so far in January. West added the company expects to be in position…
