Boeing Shares Up 6% After $11.8 Billion Loss

Boeing shares have surged by over 4% following the announcement of a substantial fourth-quarter loss of nearly $4 billion, which contributed to an annual loss of $11.83 billion—the largest since 2020. Despite these financial challenges, CEO Kelly Ortberg has reported progress in production efficiency, particularly with the Boeing 737, and expects to deliver over 30 units in January. The company also aims to increase 737 MAX production and is optimistic about receiving FAA approval to raise output limits later this year. Analysts note that Boeing's stock has reached a six-month high, driven by renewed investor confidence in the company's recovery plans. However, challenges remain, including the aftermath of a labor strike and issues in both its commercial and defense sectors. Overall, the market's response reflects hope for a turnaround under Ortberg's leadership.