Boeing faces losses in Q3

Boeing, the aerospace company, reported losses in the third quarter of this year, as revealed in Wednesday’s earnings reports. Additionally, the company adjusted its expectations, indicating a lower delivery of 737 MAX aircraft than previously anticipated.

The adjusted losses for the American giant company were $3.26 per share, which was higher than the expected losses of $2.96 per share.

Although there was a slight increase in revenues to $18.10 billion, surpassing the anticipated $18.01 billion, Boeing acknowledged reduced losses. In the third quarter of this year, the losses decreased to $1.64 billion, compared to the $3.31 billion losses in the same period last year.

However, the company experienced a 13% increase in revenues compared to last year’s corresponding period, reaching $18.10 billion. This exceeded the expectations of market analysts to some extent.

In the statement issued about Boeing’s financial performance in the third quarter of 2023, the company announced its plan to deliver between 375 and 400 737 MAX aircraft by the end of this year. This revised figure is lower than the previous expectations, which indicated the delivery of between 400 and 450 aircraft of this model by year-end.