{"id":168978,"date":"2024-10-23T13:30:47","date_gmt":"2024-10-23T13:30:47","guid":{"rendered":"https:\/?p=168978"},"modified":"2024-10-23T17:06:30","modified_gmt":"2024-10-23T17:06:30","slug":"boeings-january-september-losses-increase-260","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/10\/boeings-january-september-losses-increase-260.html","title":{"rendered":"Boeing’s January-September losses increase 260%"},"content":{"rendered":"\n

U.S. manufacturer Boeing<\/strong> announced Wednesday that in the first nine months of this year it lost $7.968 million, up 260% from 2023, due to the workers’ strike that has been going on since September 13 and a drop in deliveries of commercial and defense aircraft.<\/p>\n\n\n\n

Between January and September, the Chicago, Illinois-based company had a turnover of 51.275 million dollars (about 47.5 billion dollars), down 8% year-on-year.<\/p>\n\n\n\n

In the third quarter of 2024, the quarter Wall Street investors were looking at most today, the company posted a loss of $6.174 million, up 276% from July through September of last year and its worst figure since the pandemic.<\/p>\n\n\n\n

In the first three months of the year, the company had revenues of $17.48 billion, down 1% from a year earlier and below the figure forecast by FactSet analysts ($17.815 million).<\/p>\n\n\n\n

\u201cIt will take time to return Boeing to its former legacy, but with the right focus and culture we can return to being a leading iconic aerospace company,\u201d Boeing President and CEO Kelly Ortberg, who assumed the post in August, said today.<\/p>\n\n\n\n

\u2192 Emirates SkyCargo orders five more Boeing 777F Freighters<\/a><\/em><\/strong><\/p>\n\n\n\n

Ortberg stressed that, going forward, the company will focus on \u201cstabilizing the business and improving execution\u201d of its programs.<\/p>\n\n\n\n

In the first nine months of the year, the company delivered 291 commercial aircraft, down 22% year-on-year, giving it revenues of $18.099 million, down 23% from the same period last year.<\/p>\n\n\n\n

In the third quarter, it delivered 116 commercial aircraft, down 10% year-on-year, and recorded revenues of 7,443 million, down 5%.<\/p>\n\n\n\n

The company said these figures are due to delays in aircraft deliveries and a work stoppage by its main production union, the International Association of Machinists and Aerospace Workers (IAM).<\/p>\n\n\n\n

More than 32,000 striking machinists will begin voting today on a new contract proposal offered by the company, and the results of that vote – which requires a simple majority to be ratified – are expected to be released tonight. The strike has put most of Boeing’s aircraft production on hold.<\/p>\n\n\n\n

On October 11, Ortberg announced that the company would lay off \u201cin the coming months\u201d 10% of its workforce, equivalent to some 17,000 people.<\/p>\n\n\n\n

With information from EFE<\/p>\n\n\n\n

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