{"id":82652,"date":"2025-01-24T18:29:36","date_gmt":"2025-01-24T12:59:36","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=82652"},"modified":"2025-02-12T12:23:30","modified_gmt":"2025-02-12T06:53:30","slug":"boeing-confirms-the-first-delivery-of-777x","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2025\/01\/24\/boeing-confirms-the-first-delivery-of-777x\/","title":{"rendered":"Boeing Confirms the First Delivery of 777X, Reports Huge Q4 loss"},"content":{"rendered":"\n

SEATTLE-<\/strong> Boeing Corporation <\/a>announced substantial financial challenges ahead of its fourth quarter 2024 earnings report, revealing anticipated revenue of $15.2 billion <\/strong>and a projected GAAP loss per share of ($5.46).<\/p>\n\n\n\n

The company’s operating cash flow is expected to be ($3.5) billion, with cash and marketable securities totaling $26.3 billion at quarter’s end.<\/p>\n\n\n\n

\"Boeing
Photo: Cl\u00e9ment Alloing<\/figcaption><\/figure>\n\n\n\n

Boeing Q4 Report<\/h2>\n\n\n\n

The aerospace manufacturer highlighted critical financial impacts stemming from multiple factors, including an International Association of Machinists (IAM) work stoppage and agreements, defense program charges, and workforce reduction costs.<\/p>\n\n\n\n

Boeing’s leadership emphasized ongoing efforts to stabilize business operations despite near-term challenges.<\/p>\n\n\n\n

The commercial Airplanes segment will experience significant financial strain, with pre-tax earnings charges of $1.1 billion specifically on the 777X and 767 programs.<\/p>\n\n\n\n

The 777X program alone will incur a $0.9 billion pre-tax charge, reflecting elevated labor costs associated with finalizing the IAM agreement. Despite these challenges, Boeing maintains its projection for the first 777-9 delivery in 2026<\/strong>.<\/p>\n\n\n\n

According to official data, there are 481 units order <\/strong>for 777X <\/a>from over 13 operators and some from unidentified customers, as of January 2025. Here is the exact table showing orders by airline:<\/p>\n\n\n\n

Here is the table:<\/p>\n\n\n\n

Customer Name<\/th>Country<\/th>Region<\/th>Model Series<\/th>Engine<\/th>Unfilled Orders<\/th><\/tr><\/thead>
Air India<\/td>India<\/td>South Asia<\/td>777X<\/td>GE<\/td>10<\/td><\/tr>
All Nippon Airways Co., Ltd.<\/td>Japan<\/td>East Asia<\/td>777X<\/td>GE<\/td>17<\/td><\/tr>
ANA Holdings Inc.<\/td>Japan<\/td>East Asia<\/td>777X<\/td>GE<\/td>1<\/td><\/tr>
British Airways<\/td>United Kingdom<\/td>Europe<\/td>777X<\/td>GE<\/td>18<\/td><\/tr>
Cargolux Airlines International<\/td>Luxembourg<\/td>Europe<\/td>777X<\/td>GE<\/td>10<\/td><\/tr>
Cathay Pacific Airways<\/td>China<\/td>East Asia<\/td>777X<\/td>GE<\/td>21<\/td><\/tr>
Emirates<\/td>United Arab Emirates<\/td>Middle East<\/td>777X<\/td>GE<\/td>205<\/td><\/tr>
Ethiopian Airlines Group<\/td>Ethiopia<\/td>Africa<\/td>777X<\/td>GE<\/td>8<\/td><\/tr>
Etihad Airways<\/td>United Arab Emirates<\/td>Middle East<\/td>777X<\/td>GE<\/td>25<\/td><\/tr>
Lufthansa<\/td>Germany<\/td>Europe<\/td>777X<\/td>GE<\/td>27<\/td><\/tr>
Qatar Airways<\/td>Qatar<\/td>Middle East<\/td>777X<\/td>GE<\/td>94<\/td><\/tr>
Silk Way West Airlines<\/td>Azerbaijan<\/td>Central Asia<\/td>777X<\/td>GE<\/td>2<\/td><\/tr>
Singapore Airlines<\/td>Singapore<\/td>Southeast Asia<\/td>777X<\/td>GE<\/td>31<\/td><\/tr>
Unidentified Customer(s)<\/td>Unidentified<\/td>Unidentified<\/td>777X<\/td>GE<\/td>12<\/td><\/tr>
Grand Total<\/td><\/td><\/td><\/td><\/td>481<\/td><\/tr><\/tbody><\/table>
Source: Boeing<\/figcaption><\/figure>\n\n\n\n
\"Boeing
Photo: Boeing<\/figcaption><\/figure>\n\n\n\n

Other Verticals<\/h4>\n\n\n\n

The Defense, Space & Security division anticipates pre-tax earnings charges of $1.7 billion across multiple programs, including KC-46A, T-7A, Commercial Crew, VC-25B, and MQ-25.<\/p>\n\n\n\n

The KC-46A program will absorb a $0.8 billion pre-tax charge, primarily due to increased manufacturing costs and IAM work stoppage impacts. The T-7A program faces a $0.5 billion pre-tax charge, driven by higher estimated production costs for future lots.<\/p>\n\n\n\n

Kelly Ortberg, Boeing’s president and chief executive officer<\/a>, acknowledged the difficulties while highlighting positive steps, including the IAM agreement and successful capital raising to improve the company’s balance sheet. Ortberg emphasized the company’s commitment to restarting production of 737, 767, and 777\/777X models and remains focused on building a new future for Boeing.<\/p>\n\n\n\n

The company’s fourth-quarter commercial segment is projected to report $4.8 billion in revenue with an operating margin of (43.9) percent. Similarly, the Defense, Space & Security segment expects $5.4 billion in revenue and an operating margin of (41.9) percent.<\/p>\n\n\n\n

\"Boeing
Photo: Cl\u00e9ment Alloing<\/figcaption><\/figure>\n\n\n\n

777X Test Flights Resumed<\/h2>\n\n\n\n

Boeing resumed testing for its 777X widebody jet on January 15, 2025<\/a>, marking the first flight since grounding the test fleet in August due to a critical engine mounting structure failure. The initial certification flights had been halted just five weeks after their commencement.<\/p>\n\n\n\n

The Federal Aviation Administration (FAA) staff were not present during Thursday’s test flight. This development comes as Boeing continues to address technical challenges with the 777X program, which is the successor to the commercially successful 777 long-haul airliner.<\/p>\n\n\n\n

Originally planned for delivery to Qatar Airways in 2020, the 777X program has experienced significant delays. The first 777-9 delivery is now projected for 2026, with the smaller 777-8 and freighter versions expected later in the decade.<\/p>\n\n\n\n

\"Boeing
Photo: Boeing<\/figcaption><\/figure>\n\n\n\n

End of Era: 777-300ER Production End<\/h2>\n\n\n\n

The Air Current<\/em> reported Boeing has potentially concluded production of its legendary 777-300ER aircraft<\/a>, with only one final delivery recorded in 2024.<\/p>\n\n\n\n

The 777-300ER, described as “the best-selling widebody of all time,” had a nearly two-decade production run since its 2004 debut.<\/p>\n\n\n\n

Despite Boeing Commercial Airplanes CEO Stephanie Pope’s announcement of resumed production across multiple aircraft lines, the company’s 777 program now focuses exclusively on the 777X variant, signaling a strategic shift in Boeing’s production strategy.<\/p>\n\n\n\n

Feature Image by Cl\u00e9ment Alloing | Flickr<\/a><\/p>\n\n\n\n

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Boeing 777X First Delivery Delayed by 8 Years, Here\u2019s How<\/a><\/blockquote>