Boeing stems cash burn for first time since 2023 but takes $4.9 billion charge on 777X delays

Financial Performance - Boeing reported a wider than expected loss of $747 per share for Q3, compared to street estimates of $459 per share [1] - Revenue exceeded expectations at $27 billion, a 2327% increase [2] - Operating cash flow improved to $112 billion, compared to negative $135 billion a year ago [2] - Boeing reported positive free cash flow of $236 million for the first time since Q4 2023, a significant improvement from negative $196 billion in Q3 2024 [3] - Boeing commercial airplanes reported a loss of $535 billion, compared to a loss of $4 billion last year [4] - The defense division posted a profit of $114 million, a swing from a loss last year [4] Program Updates & Outlook - Boeing is taking a $49 billion charge for its 77X program due to certification delays [4] - The entry into service for the 77X is officially delayed until 2027 [4][5] - Certifications for the 737 Max -7 and -10 derivatives are expected next year [5]