US EditionPublished • loading... • Updated
Boeing stems cash burn for first time since 2023 but takes $4.9 billion charge on 777X delays
- Boeing told investors it expects to report a more than 20% jump in revenue and a narrower third-quarter loss, with deliveries supporting its recovery efforts.
- After years of safety and production crises, Boeing is recovering from two crashes, pandemic-era supply-chain and manufacturing disruptions under Kelly Ortberg, CEO of Boeing.
- Earlier this month the Federal Aviation Administration lifted the 737 Max production cap to 42 a month from 38 and allowed Boeing to perform final signoffs, while airline customers report more accurate delivery projections.
- A key near-term risk is the prolonged 777X delay as the Max 7 and Max 10 variants remain years behind schedule without regulator approval, while about 3,200 defense unit workers have been on strike since summer.
- Despite progress, Boeing remains at risk as increasing deliveries is crucial to stem a cash outflow since the start of 2024 through June, and the company still 'isn't out of the woods yet'.
Insights by Ground AI
Podcasts & Opinions
111 Articles
111 Articles
Associated Press News+14 Reposted by 14 other sources
Boeing pushes 777X jet deliveries to 2027 amid certification delays
Boeing on Wednesday reported mixed third-quarter results, with higher aircraft deliveries and a growing order backlog offset by certification delays for its 777X jet.
·United States
Read Full Article
Coverage Details
Total News Sources111
Leaning Left16Leaning Right18Center24Last UpdatedBias Distribution41% Center
Bias Distribution
- 41% of the sources are Center
41% Center
L 28%
C 41%
R 31%
Factuality
To view factuality data please Upgrade to Premium
