Boeing Co. (NYSE: BA) reported a third-quarter core loss per share that was deeper than expected, as the aerospace company took a $4.9 billion pre-tax charge tied to delays in its 777X jet program. Shares fell more than 3% in intra-day trading on Wednesday.
Adjusted core loss per share came in at $7.47, narrower than the $10.44 loss a year earlier but below Bloomberg’s consensus estimate of a $4.92 loss. The 777X charge increased the loss per share by $6.45, bringing total program charges to more than $15 billion since 2013.
Earlier this month, Bloomberg reported that Boeing’s 777X delivery schedule had slipped to early 2027 from 2026, with analysts projecting a $1 billion to $4 billion impact. CEO Dave Calhoun previously acknowledged that significant work remains for certification, though no new technical issues have emerged.
Despite the setback, Boeing noted that 737 MAX production had stabilized at 38 units per month and secured FAA approval to raise output to 42 monthly.
Revenue surged 30% year-over-year to $23.27 billion, exceeding forecasts of $22.29 billion, supported by higher commercial jet deliveries. Adjusted free cash flow turned positive at $238 million, compared with expectations for a negative $884 million.
