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Boeing's 2024 Orders More Than Halve Annually
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Boeing's 2024 Orders More Than Halve Annually
Jan 14, 2025 11:09 AM

01:55 PM EST, 01/14/2025 (MT Newswires) -- Boeing's ( BA ) fourth-quarter and 2024 orders more than halved from a year earlier, with deliveries also logging declines.

The plane maker booked 254 orders in the fourth quarter, down from 608 a year earlier. Its full-year order tally slumped to 569 from 1,456 in 2023.

The company delivered 57 aircraft in the December quarter, down from 157 in the year-ago period. Its 2024 deliveries slid to 348 from 528 in 2023.

The fourth-quarter deliveries included 36 737 jets, down from 110 a year earlier, while full-year 737 deliveries declined to 265 from 396.

At the start of 2024, a Boeing 737-9 Max jet operated by Alaska Air ( ALK ) suffered a mid-flight structural failure. The incident prompted a temporary grounding of the company's aircraft model and an investigation by the US Federal Aviation Administration.

The company reached a labor deal with its striking factory workers in November. Last month, Boeing ( BA ) said it resumed 737 production at its factory in Renton, Washington.

The company's shares were down 2% in Tuesday afternoon trade.

Boeing ( BA ) delivered 30 aircraft in December, up from 13 in November, while its orders tally rose to 142 from 49, according to data posted on its website.

In 2024, the company agreed to acquire Spirit AeroSystems ( SPR ) in a roughly $8.3 billion deal that would reverse the companies' 2005 separation.

Boeing ( BA ) is scheduled to report its fourth-quarter financial results Jan. 28.

Price: 167.14, Change: -3.44, Percent Change: -2.01

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