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|    AVIATION    |    Aviation echo, airline-related news    |    717 messages    |
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|    Message 650 of 717    |
|    Aviation HQ to All    |
|    Huge losses for Boeing    |
|    30 Oct 25 01:06:29    |
      MSGID: 2:292/854 09103b31       TZUTC: 0200        Boeing closed the third quarter with a net loss of over $5.3 billion. Although       large orders were received from companies including Turkish Airlines and       Norwegian, the costs of the delayed 777X program were skyrocketing.               The American aircraft manufacturer recorded revenue growth to $23.3 billion.       161 new airliners were sold, of which 50 are going to Turkish Airlines and 30       to Norwegian.               Deliveries reached 160 aircraft, the highest number since 2018. This was       partly due to the fact that production of the 737 MAX is stable at 38 units       per month and is gradually ramping up to 42.               The development of the Boeing 777X, which is intended to replace the current       generation of 777-200s and -300s, has been delayed for years. The first       delivery is scheduled for 2027, but the US Federal Aviation Administration       (FAA) still needs to approve the type for service.               The delay in the 777X program is costing Boeing a fortune. In the third       quarter, it resulted in a $4.9 billion cost to Boeing.               CEO Kelly Ortberg calls the delay "disappointing," but says Boeing remains       focused on the test program and rebuilding the confidence of airlines that       have ordered the model and have been waiting for it for years.               Major customers for the Boeing 777X, with the 777-9 being developed first,       include Emirates, Qatar Airways, Lufthansa, Cathay Pacific, Singapore       Airlines, and British Airways. Boeing has now sold a total of 565 777-8s, 8Fs,       and 9s.              --- DB4 - 20230201        * Origin: AVIATION ECHO HQ (2:292/854)       SEEN-BY: 80/1 105/81 106/201 128/187 129/14 305 153/7715 154/110 218/700       SEEN-BY: 221/1 226/30 227/114 229/110 112 317 400 426 428 470 664       SEEN-BY: 229/700 705 280/464 291/111 292/854 2226 8125 301/1 320/219       SEEN-BY: 322/757 335/364 342/200 396/45 460/58 633/280 712/848 902/26       SEEN-BY: 5001/100 5075/35       PATH: 292/854 229/426           |
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