Overview
- Boeing recorded a $4.9 billion pre-tax charge tied to the 777X, driving a third-quarter net loss of $5.34 billion as revenue rose 30% to $23.27 billion.
- First delivery of the 777-9 is now expected in 2027 after years of slippage, with the aircraft still awaiting FAA certification.
- Quarterly cash flow turned positive at $1.12 billion, the first positive figure since the fourth quarter of 2023.
- The FAA authorized 737 MAX production to increase to 42 per month, and Boeing is accelerating 787 output toward eight per month by late 2025 and ten in 2026.
- CFO Jay Malave projected the 777X will generate positive cash flow starting in 2029 and cautioned that the delay will create about a $2 billion shortfall in 2026.