2024-02-06 09:30:00 ET
Summary
- Boeing reports Q4 and full-year earnings, with stock price increasing by around 5% post-earnings.
- The company faces ongoing challenges, including the recent explosive decompression incident involving a Boeing 737 MAX 9.
- Boeing leadership is on the hot seat after yet another quality escape.
- Boeing's Global Services segment continues to perform well, while the Defense segment experiences cost growth and the commercial airplane business showed better performance.
Boeing (BA) reported four quarter and full year earnings on the 31 st of January and the stock price reacted positively gaining around 5% post-earnings. In this report, I will be discussing the fourth quarter and full year results by operating division and address relevant topics discussed in the earnings call.
Bad Boeing News Dominates
Boeing’s leadership went into the earnings call with many stakeholders including airline executives angered as became clear in an interview from NBC News with Alaska Airlines CEO Ben Minicucci :
I' m more than frustrated and disappointed. I am angry.
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Boeing Stock Rises On Earnings Despite Boeing 737 MAX Crisis