Boeing Posts Q3 Net Loss Of US$6.17 Bln

ISTANBUL, Oct 24 (Bernama-Anadolu) -- Boeing saw a net loss of more than US$6.17 billion in the third quarter, according to a financial results statement released Wednesday.

The figure followed a net loss of almost US$1.64 billion in the July - September period last year, reported Anadolu Agency.

The US-based global aerospace manufacturer's net loss from operations soared to more than US$5.76 billion, from US$808 million, during that period.

For the first nine months of this year, net loss totalled almost US$8 billion, while net loss from operations amounted to approximately US$7 billion.

Revenues came in at US$17.84 billion in the third quarter -- a 1.4 per cent decrease from US$18.1 billion in the same quarter of 2023.

Revenues for the January - September period stood at US$51.3 billion, showing an 8 per cent decline from US$55.8 billion in the same period of 2023.

The company's shares finished Wednesday with a daily loss of 1.76 per cent.

Boeing announced July 1 that it would acquire American commercial airplane manufacturer Spirit AeroSystems in an all-stock transaction at an equity value of approximately US$4.7 billion, while the total transaction value is approximately US$8.3 billion, including Spirit's last reported net debt.

Boeing said in July its board elected a new CEO, Robert K. "Kelly" Ortberg, who has started serving on the board of directors.

--BERNAMA-ANADOLU