Boeing is reporting a loss of $1.64 billion in the third quarter.
Associated PressFILE - 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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