Business & Finance
Print edition: 2025-10-30
Boeing reports USD5.4bn loss on large hit from 777X aircraft delays
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NEW YORK: Boeing reported a USD5.4-billion third-quarter loss on Wednesday as massive added costs from the delayed certification of its 777X aircraft weighed down its results. The aviation giant scored a 30-percent jump in revenues to USD23.3 billion following much higher commercial plane deliveries compared with the year-ago level.
But the performance was marred by a one-time charge of USD4.9 billion on the 777X program, which has faced a prolonged certification process with US air officials.
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