Close Menu
  • Home
  • Recent
  • News
  • Background
  • Military
  • Editors’ Choice
  • Contact
Facebook X (Twitter) Instagram YouTube LinkedIn
Facebook X (Twitter) Instagram YouTube LinkedIn
Flying InsightFlying Insight
  • Home
  • Recent
  • News
    • Aircraft
      • Business Jets
    • Airlines
      • Routes and Destinations
    • Airports
    • Cargo
    • Crew
    • Financial
    • History
    • Manufacturers
      • Airbus
      • Boeing
      • Embraer
    • Military
    • Safety
      • 737 MAX
      • Incidents
      • Security
    • Space
    • Sustainability & Innovation
    • Video
  • Background
  • Editors’ Choice
  • Video
  • Contact
Flying InsightFlying Insight
Home»Menu»Aircraft»Boeing suffers $2,4 billion loss, delays 777X until 2022
Aircraft

Boeing suffers $2,4 billion loss, delays 777X until 2022

EditorialBy EditorialJuly 29, 2020Updated:July 29, 20202 Mins Read
Facebook WhatsApp Twitter LinkedIn Email
Copyright © Boeing
Share
Facebook WhatsApp Twitter LinkedIn Email

Boeing has reported a loss of 2,4 billion dollars over the second quarter of 2020. The aircraft manufacturer will end the 747 program and has delayed its first 777X delivery until 2022.

Boeing suffered a total loss of $2,395 billion in Q2, the period from April to June. Boeing’s quarter revenue was $11,807 billion, 25 percent lower year-on-year. CEO Dave Calhoun indicates that the company puts employee safety first in the coronavirus pandemic, adding that the company is working intensively with its customers, suppliers and partners to emerge stronger from the crisis.

In addition to the end of the 747 program over two years, Boeing also announced that delivery of the 777X will be delayed to 2022. This was in line with expectations. Demand for new aircraft has dropped since the beginning of the coronavirus pandemic. This is not just caused by the corona crisis, but also because of the trade restrictions between the United States and China. This makes it more difficult for Chinese customers to receive the aircraft.

The first 777X was originally set to be delivered to Emirates in 2020, the aircraft’s launch customer. Due to problems with the aircraft’s GE9X engines, however, the aircraft’s development was already delayed once. Before today’s announcement, the first aircraft was scheduled to be delivered in 2021.

You can read the full letter here.

Today we report our second-quarter results.
Read more: https://t.co/ItYPkkbIax pic.twitter.com/4D6gF0iYuG

— The Boeing Company (@Boeing) July 29, 2020
Boeing Boeing 747 Boeing 777X Delays Financial Results
Share. Facebook WhatsApp Twitter LinkedIn Email Copy Link
Editorial
  • Website
  • Facebook
  • X (Twitter)
  • Instagram
  • LinkedIn

Articles written by the editors of Flying Insight.

Related Posts

Qatar Airways’ impressive $2.15 billion fiscal year profit

May 19, 2025By Editorial

Air India lobbies to block leasing agreement between IndiGo and Turkish Airlines

May 17, 2025By Editorial

Etihad takes off: $14.5 billion Boeing deal

May 16, 2025By Editorial
Recent

Qatar Airways’ impressive $2.15 billion fiscal year profit

May 19, 2025

Air India lobbies to block leasing agreement between IndiGo and Turkish Airlines

May 17, 2025

Etihad takes off: $14.5 billion Boeing deal

May 16, 2025
Popular

Exit for Lufthansa A340-600’s is imminent

April 7, 2025

KLM 777 back to square one after 7 hours of flying

April 13, 2025

Forced stopover for Air India flights

April 27, 2025
Facebook X (Twitter) Instagram YouTube LinkedIn RSS
© 2025 Flying Insight / UpFactory B.V. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.