Boeing reports $11.8bn annual loss – its largest since 2020

Planemaker grapples with problems at commercial and defense units and fallout from west coast workers' strike

Boeing reported an annual loss of $11.83bn, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by US west coast factory workers.

The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the US planemaker as it cedes ground to rival Airbus in the delivery race and comes under the crosshairs of regulators and customers following a series of missteps.