At the Paris International Air Show on June 20, 2023, Boeing showcased the 777X, which has faced significant delays and cost the company $4.9 billion. Despite challenges, Boeing is on track to deliver its highest number of planes since 2018, with CEO Kelly Ortberg focusing on stabilizing supply chains. The 777X made its first flight six years ago but is expected to see its first deliveries in 2027.
In the third quarter, Boeing reported a $4.78 billion loss, though this was an improvement from the previous year’s losses. Revenue increased by 30% to $23.27 billion, surpassing analyst expectations. Boeing has delivered 440 aircraft in the first nine months of 2023, improving delivery forecasts for airline customers.
Recent developments include the FAA lifting the production cap for the 737 MAX and allowing Boeing to give final approvals for some aircraft, signaling regulatory confidence. However, the company still has major projects, including the Max 7, Max 10, and 777X, awaiting approval, and approximately 3,200 employees are currently on strike in the Defense Force sector.
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