Boeing Co eked out a small adjusted profit in the third quarter, helped by a ramp-up in deliveries of its once best-selling 737 MAX jets amid a rebound in global air travel, but the company booked charges on its problem-plagued 787 and Starliner spacecraft programs.
An Aeromexico Boeing 737 MAX 9 cockpit is pictured at the Benito Juarez International airport, in Mexico City, Mexico, July 14, 2021. REUTERS/Luis Cortes/File Photoeked out a small adjusted profit in the third quarter, helped by a ramp-up in deliveries of its once best-selling 737 MAX jets amid a rebound in global air travel, but the company booked charges on its problem-plagued 787 and Starliner spacecraft programs.
On the 787 widebody program, Boeing said it incurred abnormal costs of roughly $1 billion - or $183 million in the quarter - due to inspections and repairs from structural defects embedded in the jets over the last two years, confirming for the first time a price tag first reported by Reuters in February.
The company reported a core operating profit of $59 million in the quarter, compared with a loss of $754 million a year earlier. Boeing also said it was currently building nineteen 737 MAX jets per month, up from the 16 last quarter.
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