Boeing reported its second biggest annual loss ever after a tough year following a mid-air accident and worker strikes.

Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday, contributing to the $35 billion loss since the crashes of two ...

Boeing had previously announced plans to reduce its workforce by 10%, which added to the company's financial strain during the quarter.

Boeing said the IAM strike, which concluded in November with a new four-year contract, will lead to higher labor costs, resulting in pre-tax charges of $1.1 billion for the 777X and 767 jet programs.

As of the end of 2023, Boeing had about 170,000 employees. Other cost-cutting measures the company is taking include discontinuing the 767 cargo plane, Ortberg said. Before the cost-cutting moves ...