Economy Country October 23, 2024

Boeing Reports $6.17 Billion Loss in Q3 2024

Boeing announced a net loss of $6.17 billion for the third quarter of 2024, marking significant challenges in their financial performance amid ongoing industry issues.


Boeing Reports $6.17 Billion Loss in Q3 2024

The aviation company Boeing announced a net loss of $6.17 billion in the third quarter of 2024. This loss situation was caused by a reduced demand for airplanes and production line issues. The company reported a revenue for this period of $17.47 billion, which is 13% lower than in the previous year. The company continues to experience difficulties due to low order volumes for new planes following the crisis triggered by the pandemic. Boeing's leadership emphasized that they are actively working to improve their financial stability, undergoing restructuring and reducing expenses. Despite the challenging situation, the company remains optimistically focused on the future and continues to implement measures to restore its operations. "We understand the seriousness of our current situation and are taking all necessary measures to strengthen our market position," said the company's representative.