Tourexpi
Boeing posts Q3 net loss of $6.17B
Boeing
saw a net loss of more than $6.17 billion in the third quarter, according to a
financial results statement released Wednesday.
The
figure followed a net loss of almost $1.64 billion in the July - September
period last year.
The
US-based global aerospace manufacturer's net loss from operations soared to
more than $5.76 billion, from $808 million, during that period.
For
the first nine months of this year, net loss totaled almost $8 billion, while
net loss from operations amounted to approximately $7 billion.
Revenues
came in at $17.84 billion in the third quarter -- a 1.4% decrease from $18.1
billion in the same quarter of 2023.
Revenues
for the January - September period stood at $51.3 billion, showing an 8%
decline from $55.8 billion in the same period of 2023.
The
company's shares finished Wednesday with a daily loss of 1.76%.
Boeing
announced July 1 that it would acquire American commercial airplane
manufacturer Spirit AeroSystems in an all-stock transaction at an equity value
of approximately $4.7 billion, while the total transaction value is
approximately $8.3 billion, including Spirit's last reported net debt.
Boeing
said in July its board elected a new CEO, Robert K. "Kelly" Ortberg,
who has started serving on the board of directors.
Image
Credit: © AA
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