Boeing reports wider-than-expected jet-unit loss and warns of 737 Max delivery shortfall
Bloomberg reports the commercial division lost $697 million; MarketWatch says Boeing shares were down 9% Tuesday afternoon.
TLDR
Bloomberg reports Boeing’s commercial airplane division lost $697 million in the third quarter, versus the $360.8 million deficit expected by analysts it surveyed. Deliveries stagnated as Boeing increased spending to support future production increases. MarketWatch reports Boeing expects to miss its target of delivering 500 737 Max jets in 2026, and its shares were down 9% on October 27.
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