Dreamliner Delays Cuts Down Boeing's Quarterly Earnings

Boeing said Wednesday that delays in making and delivering its troubled 787 Dreamliner jet will cost the company about $1 billion, weighing the company down even as it benefits from broad travel resurgence.

Photo Insert: It has been a nightmare so far for Boeing as the issues surrounding the Dreamliner come barely months after it had seemingly put the issues surrounding the trouble-ridden 737 Max to rest.

The company provided the estimate as part of its third-quarter earnings report, which showed that Boeing lost $132 million in the three months ending in September, a loss of 19 cents per share, Niraj Chokshi reported for the New York Times.

Boeing earned $15.3 billion in revenue in the quarter, up about 8 percent from the same period last year and just below analyst expectations.

The company hopes to make up for the losses as many airlines resume operations worldwide and orders for new planes are expected.

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