Boeing ended its difficult 2024 as the biggest loser in the Dow Jones index

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Among the 30 companies in the Dow Jones Industrial Average, the value of Boeing’s shares fell the most in 2024.
The plane maker got off to a troubling start in January with the explosion of Alaska Airlines.
Its new CEO also had to contend with a seven-week strike that contributed to shipping delays.

Boeing’s painful 2024 It ended with the plane maker ranking as the biggest loser in the Dow Jones Industrial Average.

Its share price fell 31% last year, the worst among the index’s 30 companies. Data from Markets Insider.

The aircraft maker narrowly missed out on the title as Nike shares fell nearly 30% over the same period.Overall, the Dow Jones gained 13%, led by Nvidia after its stock more than doubled. :

Just days into 2024, it was clear that it was going to be a testing year for Boeing.

on January 5 Alaska Airlines 737 Max lost the door plug in the air. The fact that the plane was delivered 66 days early indicates that the problem was caused by the manufacturer. This was later shown in a preliminary report by the National Transportation Safety Board, which said the plane had left the Boeing factory without key screws.

The incident sparked a review of the company’s processes and culture, and a wave of criticism from airline executives.

Regulators have also put Boeing under further scrutiny.The Federal Aviation Administration has limited production of the 737 Max to 38 planes a month. Its administrator, Mike Whitaker, told Reuters last month that it would take several months for Boeing to reach that number. for

The fuselage jam area of Alaska Airlines Boeing 737-9 MAX Flight 1282, which was forced to make an emergency landing through a gap in the fuselage, was seen by the National Transportation Safety Board (NTSB) in Portland, Oregon during its investigation. — An Alaska Airlines 737 Max plane lost a door plug mid-air in January.NTSB via Reuters

In March, Dave Calhoun stepped down as CEO and was replaced in August Kelly Ortbergan industry veteran who heralded a return to profit-driven engineering.

Ortberg announced plans to base in Seattle at Boeing’s historic home and toured factories.

Still, the embattled company couldn’t stay out of the headlines.

In September Starliner the spaceship returned to Earth without a crew. The astronauts who were transported to the International Space Station were supposed to return in eight days, but problems with the Starliner meant they had to spend eight months in space.

About 30,000 later that month Boeing employees announced a strikehalting production for seven weeks amid strained union negotiations, production of the 737 Max did not resume until December.

The late deliveries continued to annoy airline customers.During the strike, Ortberg announced further delays to Boeing’s expected but still-certified 777X.

The CEO also said Boeing would lay off 10% of its 170,000 employees.