12:39 PM EDT, 10/29/2025 (MT Newswires) -- Boeing ( BA ) booked a $4.9 billion charge tied to 777X program delays, bloating its third-quarter loss, while the plane maker's adjusted cash flow turned positive for the first time in nearly two years.

The company's core loss narrowed to $7.47 per share for the September quarter from $10.44 a year earlier. Four analysts in a FactSet survey expected a loss of $5.01.

Boeing ( BA ) said the $4.9 billion pre-tax earnings charge on the 777X program increased the loss per share by $6.45. The stock was down 3.4% intraday Wednesday.

"We have delayed our expectations for certification and first (777X) delivery, resulting in a $4.9 billion non-cash charge during the quarter," Chief Executive Kelly Ortberg said during an earnings call, according to a FactSet transcript. "Completion of our certification program is taking longer than expected."

Boeing ( BA ) now expects its first delivery of 777-9 aircraft in 2027.

"While we are disappointed in the 777X schedule delay, the airplane continues to perform well in flight testing, and we remain focused on the work ahead to complete our development programs and stabilize our operations in order to fully recover our company's performance and restore trust with all of our stakeholders," Ortberg said in a statement.

Consolidated revenue jumped 30% to $23.27 billion in the third quarter, exceeding the $22.65 billion average estimate from five analysts.

Boeing ( BA ) reported positive operating cash flow of $238 million on a non-GAAP basis, compared with a negative balance of $1.96 billion a year earlier. This was Boeing's ( BA ) first positive free cash flow quarter since the fourth quarter of 2023, Chief Financial Officer Jesus Malave said on the call.

Free cash flow reflected higher commercial deliveries and working capital that improved year over year, Malave told analysts.

Boeing ( BA ) delivered 160 commercial planes in the quarter, up from 116 a year earlier.

"These free cash flow results were better than expectations in July, driven by higher commercial deliveries, as well as the potential (US Department of Justice) payment shifting to the fourth quarter," Malave said on the call.

Commercial airplane revenue surged 49% year over year to $11.09 billion in the third quarter, while the division's operational loss widened.

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