Boeing reports $11.8bn annual loss – its largest since 2020
1. Boeing reported an $11.83bn annual loss, its largest since 2020. 2. Quarterly cash burn was $4.1bn, better than expected by analysts. 3. Revenue fell 31% year-over-year to $15.24bn, missing forecasts. 4. Defensive sector losses reached $5.41bn, impacted by program overruns. 5. New CEO Ortberg is reforming Boeing's culture and production stability.