US EditionBoeing 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'.
46 Articles
46 Articles
The American airline manufacturer Boeing again announced on Wednesday a heavy quarterly loss, despite a strong rebound in its deliveries, due to a heavy burden on its 777X twinning program, which was very late.
The new model comes later than expected: Because the 777X is not delivered until 2027, the aircraft manufacturer has to accept a lot of losses. On the other hand, there is good news about the crisis jet 737 Max.
The US giant has announced a new $4.7 billion charge on this program. The modernized version of the large carrier, presented in 2013, is still uncertified.
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Boeing reports $5.4-bn loss on large hit from 777X aircraft delays
Boeing reported a $5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results.
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