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

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. "We also think investors are looking a few quarters ahead on the hopes of a turnaround.

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 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.

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.

Air New Zealand, which flies one of the longest regularly scheduled routes on the entire planet, took the top award, handed out by AirlineRatings.com. The Kiwi carrier serves Auckland, New Zealand’s largest city, from New York’s JFK Airport — a distance of 8,828 miles. The trip takes 16 hours and 15 minutes.

American, Delta, United, and Alaska all announced record results as the biggest airlines continue to recover from the pandemic downturn.

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.

Alaska Air Group has released details of its combined schedule for Alaska and Hawaiian airlines, with adjustments beginning to take effect in March. In an email to Pacific Business News, Alex Da Silva, Hawaiian director of external communications, listed the current Hawaiian routes that will be replaced with Alaska services later this year.

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 ...