Boeing reported flat revenue of $18 billion for Q3 2024, but net losses surged to $6.2 billion due to the IAM work stoppage and prior charges related to commercial and defense programs. CEO Kelly Ortberg emphasized the need to change the company’s culture and stabilize operations. For the first nine months of 2024, net losses reached $8 billion on $51.3 billion in revenue. Despite a 10% increase in commercial deliveries, revenue fell 6%. Ortberg acknowledged the erosion of trust and the need for a leaner organization, while emphasizing future aircraft development after addressing current challenges.

Source: https://www.stattimes.com/aviation/boeing-q3-net-loss-zooms-to-62bn-9-months-loss-at-8bn-1353548