Boeing Pushes 777X to 2027, Near-$5bn Charge

Boeing delayed first 777X deliveries to 2027 and took nearly $5bn in charges, bringing program costs to about $15bn, including customer penalties. Shares slipped 1% premarket; an industry analyst said the charge topped expectations but wasn’t crippling as demand for widebodies grows. Separately, the FAA approved raising 737 Max production to 42 a month. Boeing delivered 55 jets in September, its best since 2018. Free cash flow turned positive at $238m, revenue rose 30% to $23.27bn ahead of estimates, but the adjusted loss was $7.47 per share, larger than expected.

Reviewed by JQJO team

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