Boeing takes near $5bn hit due to delays in delivering first 777X jets

Boeing's troubled 777X jet program has taken another hit, with the company reporting a nearly $5 billion charge due to delays in delivering the aircraft. This is on top of more than $15 billion in charges already taken by Boeing related to the program.

The latest delay pushes back the first delivery of the 777X, which was originally slated for 2026, and further strains Boeing's finances. The company has been struggling with production delays and quality issues since the launch of its 737 MAX program, but a growing demand for international travel has created an opportunity for rival Airbus to gain ground.

"The challenge is getting to be more about people losing patience and demanding compensation," said Richard Aboulafia, managing director of AeroDynamic Advisory. "Now it might be getting to a point where the stakes are higher."

Boeing's shares fell 1% in premarket trading after the announcement. The charge includes penalties owed to customers for late deliveries, as well as longer production costs.

The delay comes at a time when demand is growing for international travel, driven by rising air traffic and increasing global connectivity. This growth has created an opportunity for Boeing to rebound from its current setbacks and regain its footing in the competitive market.

However, with over $15 billion already accounted for in charges related to the 777X program, it remains to be seen whether Boeing's financial situation can withstand further delays or setbacks. The company's debt levels have been a concern, and any additional hits to profitability could exacerbate the issue.

Despite this, Boeing has shown signs of improvement in recent quarters. Deliveries of its 737 MAX aircraft have increased significantly, with 55 jets handed over in September - its strongest performance for that month since 2018. The company also reported a free cash flow of $238 million, turning positive for the first time since 2023.

However, investors will be watching closely to see how Boeing responds to this latest delay and whether it can meet its delivery targets going forward. With demand for international travel expected to continue growing, there is still an opportunity for Boeing to regain its position in the market - but it will require swift action and a commitment to getting back on track.

Ugh I dont get why this happen to Boeing they was supposed to deliver that 777X jet years ago! now they gotta pay like 5 billion dollars for delays lol, thats crazy its not just the money tho, its about the reputation too, ppl r gonna start losing patience and demanding more, maybe even refusing to buy their jets anymore

Boeing's troubles are starting to sound like a never-ending saga... they can't seem to get their 777X program off the ground . I mean, $20 billion in charges already? That's a whole lotta cash . And with demand for international travel on the rise, you'd think Boeing would be all over this . But nope, they're still struggling to deliver (pun intended) . I've gotta wonder, what's going on behind the scenes? Are there too many delays in production? Is it quality control issues? Or is it just a case of poor planning and execution? Whatever it is, Boeing needs to get its act together ASAP or risk getting left behind by Airbus .

Ugh, what's up with Boeing?! Like they can't even get one plane right? I was thinking of booking that 777X flight for next year, but now I'm gonna have to wait till who knows when... That $5 billion charge is wild! They're basically giving it away just to keep customers happy. Boeing's gotta step up their game if they wanna compete with Airbus

Boeing's troubles are like my aunt's cooking - it just never seems to end . They're already struggling with production delays and quality issues, now they've got a nearly $5 billion hit for late deliveries... that's just money laundering for delayed planes . But you know what they say, "When life gives you lemons, make lemonade"... or in this case, when Boeing messes up, make more jets . On a serious note though, with demand for international travel on the rise, it's like they're playing catch-up to Airbus - but hey, that's just business as usual .

Wow ! $5 billion hit on top of $15 billion? That's a whole lotta cash ! Boeing's 777X program is really testing their patience now . They need to get this plane out the door ASAP or Airbus might just swoop in and steal the market ️. But, they're showing signs of life with the 737 MAX deliveries - fingers crossed they can turn it around !

Boeing's 777X program is like that one friend who always shows up late to parties . The delays just keep piling up and now they're facing a nearly $5 billion charge... that's like, a whole lotta cash . And with all the penalties owed to customers for late deliveries, it's like they're playing catch-up in flight mode .

But here's the thing - demand for international travel is actually on the rise , which could be like, a double-edged sword. On one hand, it's a chance for Boeing to bounce back and regain their footing in the market . On the other hand, if they can't deliver on time, it'll just be another notch in that "delay" belt .

I'm not sure how much more of this Boeing can take... their debt levels are already a concern . But hey, at least they're showing some signs of improvement with those 737 MAX deliveries . Fingers crossed they can get the 777X back on track and make it happen .

Ugh, another big hit to Boeing's already struggling 777X program . $5 billion charge? That's just crazy . I was really hoping they'd get this stuff sorted out by now. It's like they're not even trying anymore . And don't even get me started on the production delays and quality issues... it's a mess .

I mean, the demand for international travel is growing and all that, but come on Boeing, can't you get your act together? You've got to catch up with Airbus now . And those debt levels? Forget about it . I don't know how much more of this they can take before it all comes crashing down .

I'm just so frustrated with these delays and charges. Can't they just deliver on time for once? It's not like it's rocket science (although, technically, a Boeing 777X is pretty complex ). Just get it done already!

Ugh , $5 billion charge is just crazy , like what's going on with this program?! Boeing needs to get their act together ASAP , can't keep delaying delivery and expecting everything to be okay . I'm all for competition in the market, but Airbus is already gaining ground because of it . The stakes are high and it's not just about people losing patience anymore , it's about Boeing's financial stability ... can they really withstand this?

I'm telling ya, this is gonna be a disaster for Boeing if they can't get their act together! $20+ billion in charges already and they're still struggling? It's like they're playing catch-up with Airbus, who's already raking it in with those fancy new aircraft. The 777X was supposed to be the game-changer for Boeing, but now it just looks like a money pit . And don't even get me started on their debt levels - I mean, how much more can they take before things start to fall apart?

Boeing's 777X program is like they're playing catch-up with Airbus all over again. They've been struggling since the 737 MAX debacle, and now this delay just pushes them further behind... It's not just about the money, it's about their reputation and getting back on track. The fact that customers are demanding compensation shows Boeing needs to step up its game or risk losing more market share...

can u believe this 777X program has been more of a disaster than a dream ? like 5 billion in charges is a huge hit and the fact that it's on top of 15 billion already is just insane . and to make matters worse, boeing's debt levels are still a major concern . i mean, can't they just get their act together and deliver these planes on time for once? but seriously, it's not like they're gonna let this setback bring them down entirely... they've been showing signs of improvement with the 737 MAX deliveries, so maybe they'll learn from their mistakes and come out stronger .

idk what's goin on with boeing rn they just can't catch a break! $5 billion charge is insane and now they're gonna have to deal with customers gettin all upset demand for international travel is growin but boeing's like the slowest horse in the race gotta get their act together ASAP or risk losin even more money this is like a never endin loop of delays & penalties, can't they just get it done already?!

Ugh, Boeing's delays are like my uncle's excuses - always pushing it back! $5 billion charge? No thanks . They gotta step up their game or risk losing their spot in the skies ️.

$20B+ debt = $0 profit