Boeing narrows third-quarter loss as defense sales rise, but focus remains on 737 Max production
The planemaker said stagnant 737 deliveries and higher production costs weighed on results, even as free cash flow topped analyst estimates.
- On Tuesday, Boeing reported a third-quarter adjusted loss of 34 cents per share as revenue rose 4% to $24.2 billion, though Boeing Commercial Airplanes posted a $697 million operating loss.
- Supply chain challenges and production delays in the commercial division overshadowed performance elsewhere. Engine delivery issues hindered production rate increases on the 737 MAX and 787 Dreamliner, limiting output growth.
- Boeing Global Services posted $1 billion in quarterly earnings with an 18.3% operating margin, while the defense arm achieved nearly $500 million in earnings, assisted by a $252 million subsidiary sale.
- Consolidated debt remained unchanged at $45.9 billion from the previous quarter. The company confirmed it has access to $10 billion in undrawn credit facilities to support ongoing operations.
- CEO Kelly Ortberg reiterated plans to deliver the 777-9 widebody next year and aims to stabilize 737 MAX output at 47 jets monthly. Ortberg stated the company has a "stronger foundation" but requires further work.
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17 Articles
Boeing Has Wider-Than Expected Jet-Unit Loss as Deliveries Stall
Boeing Co. reported a wider-than-expected loss at its main commercial airplane business as deliveries stagnated in the third quarter and the company ramped up spending to support future production increases.
dagelijksestandaard.nl
Nieuws.nlARLINGTON (ANP/RTR) - American Boeing posted a loss of hundreds of millions in its commercial aircraft division last quarter. This was due to less profitable aircraft deliveries and higher production costs, partly as a result of supply chain problems. Boeing delivered in...
Boeing jetliner production challenges weigh on third-quarter results
Boeing lost US$ 116 million in the third quarter, reducing losses by 97.8% in the annual comparison. The US aircraft manufacturer recorded revenues of US$ 24.1 billion between July and September, high of 3.9% over the same period of 2025. We remain focused on safety and quality while redoubling efforts in our strategy to deliver the resilient performance that shareholders expect, says Kelly Ortberg, CEO of Boeing. The company highlights that com…
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