Boeing’s Loss Narrows as Aircraft Production Pressures Persist

Boeing reported a third-quarter net loss of $116 million as revenue rose 4% to $24.2 billion, a sharp improvement from its $5.34 billion loss a year earlier. The results showed stronger defense and services revenue but continued strain in the commercial aircraft business, which recorded a $697 million operating loss. Revenue at Boeing Commercial Airplanes fell 3% to $10.7 billion. The division delivered 161 aircraft during the quarter, one more than in the same period last year. Boeing attributed the loss to a less favorable mix of deliveries, higher estimated supply-chain costs and expenses associated with planned production-rate changes. Chief Executive Kelly Ortberg said Boeing was working to raise 737 production from 42 aircraft a month to 47, but stabilization at that rate would not come until early 2027. The production increase has taken longer than planned. Boeing has also cited costs tied to its supply chain and future rate adjustments. Production of the 787 Dreamliner remained at eight aircraft a month, according to the company’s reported results. The company’s other businesses helped lift overall revenue. Defense, Space and Security revenue rose 15% to $7.9 billion,...