Reported about 19 hours ago
Boeing has postponed the delivery of its 777X jets to 2027, citing delays in the certification process. CEO Kelly Ortberg announced that the delays resulted in a $4.9 billion charge in the recent quarter, although the company has seen increased aircraft deliveries and a growing backlog of orders worth $636 billion. Despite the setbacks, Boeing claims strong demand for its products, with notable orders from Qatar Airways and Emirates. The company is also navigating production stability and ongoing labor strikes, which further complicate its recovery efforts.
Source: YAHOO