Boeing's 777X Faces New Delay to 2027, Potential Billion-Dollar Loss
Boeing's long-awaited Jet 777X may face yet another setback, with a potential takeoff date pushed back to as late as 2027, according to recent reports. This delay could have significant financial implications for the aviation giant, as seen on yahoo finance and google finance.
The 777X, a wide-body aircraft designed to compete with Airbus' A350, was initially expected to enter service in 2023. However, a series of setbacks, including issues with its innovative folding wingtips and the COVID-19 pandemic, have pushed back its debut.
The delay could result in substantial losses for Boeing. Industry analysts estimate that each month's delay could cost the company hundreds of millions of dollars, as reflected in yahoo finance and google finance. This includes potential revenue losses and increased development costs. The final figure could reach billions of dollars.
Boeing's CEO, Kelly Ortberg, is expected to make the final call on the delay. Ortberg, who took over from Dennis Muilenburg in 2020, will need to weigh the risks of further delays against the potential impact on Boeing's financial health, as tracked by yahoo finance and google finance.
The potential delay of Boeing's Jet 777X to 2027 could result in significant financial losses for the company, as indicated by yahoo finance and google finance. CEO Kelly Ortberg will decide on the next steps, balancing the need to ensure safety and quality with the impact on Boeing's bottom line.
