Boeing reported a net loss of $6.17 billion ($9.97 per share) for Q3 2024, compared to a loss of $1.64 billion ($2.70 per share) in Q3 2023. Revenues declined to $17.84 billion from $18.10 billion year-over-year. The results were significantly impacted by a $2.6 billion reach-forward loss on the 777X program and a $0.4 billion charge on the 767 program.The ongoing IAM 751 labor strike that began September 13 has paused production of 737, 767, 777 and 777X aircraft, as well as KC-46A Tanker and P-8A Poseidon. This work stoppage, combined with supply chain constraints and quality improvement actions following January's Alaska Airlines incident, has severely disrupted operations and deliveries. Commercial Airplanes posted an operating loss of $4.02 billion, while Defense, Space & Security recorded a $2.38 billion loss.At quarter-end, total backlog stood at $510.5 billion including $427.7 billion for Commercial Airplanes. Cash and marketable securities totaled $10.5 billion against debt of $57.7 billion. The company secured a new $10 billion credit facility in October and expects negative operating cash flows to continue until production and deliveries normalize. Boeing plans to reduce its total workforce by approximately 10% to preserve liquidity.

Boeing reported a net loss of $6.17 billion ($9.97 per share) for Q3 2024, compared to a loss of $1.64 billion ($2.70 per share) in Q3 2023. Revenues declined to $17.84 billion from $18.10 billion year-over-year. The results were significantly impacted by a $2.6 billion reach-forward loss on the 777X program and a $0.4 billion charge on the 767 program.The ongoing IAM 751 labor strike that began September 13 has paused production of 737, 767, 777 and 777X aircraft, as well as KC-46A Tanker and P-8A Poseidon. This work stoppage, combined with supply chain constraints and quality improvement actions following January's Alaska Airlines incident, has severely disrupted operations and deliveries. Commercial Airplanes posted an operating loss of $4.02 billion, while Defense, Space & Security recorded a $2.38 billion loss.At quarter-end, total backlog stood at $510.5 billion including $427.7 billion for Commercial Airplanes. Cash and marketable securities totaled $10.5 billion against debt of $57.7 billion. The company secured a new $10 billion credit facility in October and expects negative operating cash flows to continue until production and deliveries normalize. Boeing plans to reduce its total workforce by approximately 10% to preserve liquidity.