Boeing's Mixed Results: Progress Amid Challenges

A Big Loss, But Some Signs of Improvement

• Loss: $5.3 billion in Q3 2024
• Improvement: Down from $6.1 billion loss in Q3 2023
• Cause: Delays in delivering the new 777-9, now expected in 2027

Brighter Spots

• Revenue: Over $23 billion, exceeding expert predictions
• Positive Free Cash Flow: First time since 2023
• 737 Max Production: Increased, but challenges remain

Investor Reactions

• Stock Price: Minimal change post-report, indicating mixed reactions

CEO Kelly Ortberg's Focus

• Safety & Quality: Highlighted as top priorities
• Cultural Changes: Improvements in operations noted
• Background: Took over during crisis after January 2024 incident (737 Max panel blowout)

Regulatory Progress

• FAA Approval: Regained ability to issue final sign-offs for Max and 787 Dreamliner jets
• Context: Permission removed in 2019 (after fatal crashes) and 2022 (quality concerns)

The Road Ahead

• Long Recovery: Boeing is making strides but faces ongoing challenges
• Trust Regained: Safety and quality remain crucial for regaining trust