Boeing is reporting a loss of $1.64 billion in the third quarter. The company said Wednesday it delivered fewer planes than a year ago, especially its best-seller, the 737 Max. Boeing is lowering its forecast of 737 production for this year. And Boeing is reporting another loss on its contract with the Air Force to build two new presidential jets.
FILE - Boeing 737 Max airplanes sit parked in a storage lot, Monday, April 26, 2021, near Boeing Field in Seattle. Boeing reports earnings on Wednesday, Oct. 25, 2023. Boeing reported a $1.64 billion loss for the third quarter on Wednesday as it delivered fewer copies of its best-selling plane and sunk more money into building two new Air Force One presidential jets.
Boeing said production and deliveries of 737s will be slowed as it does inspections and additional work to fix a pressure-sealing section of the planes. The company, based in Arlington, Virginia, said that excluding special items it lost $3.26 per share in the quarter. Revenue rose 13% to $18.10 billion.
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