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2025-10-29 19:36:16
[Boeing Suffers $5.39 Billion Loss, 777X Delayed Deliveries Trigger $4.9 Billion Impairment] ⑴ Boeing reported a third-quarter loss of $7.14 per share, with an adjusted loss of $7.47 per share, far exceeding the expected $4.59. ⑵ The quarterly net loss of $5.339 billion was primarily dragged down by $4.9 billion in costs related to the 777X aircraft certification delay. ⑶ Revenue of $23.27 billion exceeded market expectations of $21.972 billion, demonstrating the resilience of its core business. ⑷ Operating cash flow remained positive at $1.123 billion, providing necessary financial support for business operations. ⑸ 737 monthly production remained stable at 38 aircraft, with an agreement reached with the Federal Aviation Administration in October to increase it to 42. ⑹ The 777-9 certification timeline was updated, with first deliveries expected to be delayed until 2027. ⑺ The company emphasized that despite the delays, the 777X continued to perform well in flight tests. (8) The huge impairment losses masked the better-than-expected revenue performance, reflecting the serious challenges in project management.
