Earning blow: Boeing hit by $5.4-billion loss as 777X delays mount; $4.9-billion charge adds pressure on turnaround
Boeing reported a significant $5.4 billion third-quarter loss, largely due to an additional $4.9 billion charge for persistent certification delays on its 777X aircraft. Despite a 30% revenue increase driven by higher commercial jet deliveries, the company's progress is hampered by the extended 777X certification process, pushing its launch to 2027.
Boeing reported a significant $5.4 billion third-quarter loss, largely due to an additional $4.9 billion charge for persistent certification delays on its 777X aircraft. Despite a 30% revenue increase driven by higher commercial jet deliveries, the company's progress is hampered by the extended 777X certification process, pushing its launch to 2027. What's Your Reaction?
