The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus.

Boeing reported a revenue of $15.2 billion in the fourth quarter during its earnings call with investors Tuesday morning.

Boeing, the American multinational corporation that designs, manufactures, and sells airplanes, has reported its largest annual loss since 2020. The company's losses for the year stood at a staggering $11.83 billion.