In this episode, Scott Becker discusses Boeing’s staggering $11.83 billion loss for 2024, a $14.3 billion cash burn, and a 34% revenue drop. He also highlights the company’s new CEO, Kelly Orberg,
Chapter 1: What is the main topic of this episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. You know, we try and constantly watch what's going on in the business world. We're focused a lot on this Becker Private Equity and Business Podcast, which has become a very top-ranked podcast. Today, we're going to talk about, you know, this Boeing. Boeing gets hammered again. And here's where Boeing's at.
Chapter 2: What were Boeing's financial losses in 2024?
And I think this is sort of fascinating if you ask me. Boeing recorded $11.8 billion loss for 2024 and a $14.3 billion cash burn.
Chapter 3: Who is Boeing's new CEO and what is his background?
Kelly Ortberg, who's the new CEO, is 30 years in the aviation industry, a really bright guy, a really bright engineer, a University of Iowa Hawkeye grad, and we love the Hawkeyes, both because they're Big Ten, because of the great children's hospital, and because my CEO and partner at Becker's Healthcare is a Hawkeye. We just love the Hawkeyes.
I also have a great, great sister, Lynn Wise, I can't call her a favorite sister because it pisses off the other sister, who also is a University of Iowa grad, so we cheer for the University of Iowa and Kelly Ortberg. Revenues dropped 34%, 31% in the fourth quarter. And they had a $14.3 billion cash burn, which again, I don't know numbers like that, but that seems like a lot.
So again, Boeing taken down on the chin, four key points. Good luck to Kelly Ortberg, the CEO from the University of Iowa. God bless you. My favorite producers, my favorite producers in the world, Jeremy Corr, Chanel Bunger, Grace Keller, all are also at University of Iowa Hawkeyes. So to Kelly Ortberg, we wish you the best of luck. To Boeing, let's get better.
Thank you for listening to the Becker Private Equity and Business Podcast.