Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.

Boeing on Tuesday reported a fourth-quarter net loss in line with its recently issued preliminary results, closing out a difficult year that saw it burn through billions amid safety investigations and a strike.

Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.

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.

Airplane maker’s whopping losses for the fourth quarter and full year illustrate the urgency for the company, which has about 3,000 employees in San Antonio.

Despite a rough start to 2024 and the cost of buying Hawaiian Air, Alaska Air made a net profit of $395 million last year. Employees earn a bonus of six weeks pay.

Boeing isn’t providing financial targets for 2025, the second straight year the company will refrain from providing guidance as it works to stem losses and overhaul its troubled manufacturing operations.

Alaska Airlines is the only United States-based carrier that was in AirlineRatings' top 10—although Hawaiian, American, Delta and United were in the top 25.

Boeing is set to report fourth-quarter results before the market opens Tuesday, with analysts expecting the plane maker to have continued burning through cash as it worked to increase production.

Ryanair ( RYAAY) ( OTCPK:RYAOF) Chief Executive Michael O’Leary estimates that plane maker Boeing ( NYSE: BA) will be able to lift output of its 737 Max jetliners to 38 a month by the end of summer and possibly to 42 by October if aviation authorities approve, Reuters reported Monday.

More than two years into extended contract negotiations between Alaska Airlines management and the Association of Flight Attendants, the leadership of the Alaska unit of the union decided Friday ...

Hawaiian Airlines' 4,983-mile domestic route will be operated by the Boeing 787 between April 22 and Aug. 20. The 787 replaces the airline's Airbus A330-200 that's historically been used on this route.