Boeing announced on Friday plans to cut around 17,000 jobs and delay the first delivery of the 777X jet until 2026.

In the third quarter, Boeing's net profit fell by eleven percent to 5.1 billion US dollars. Despite a two percent decline in revenue to 17.8 billion US dollars, the result slightly exceeded analysts' expectations as the in-house investment bank partially offset the losses. Nevertheless, margins remained under pressure due to weak refining results and lower fuel sales.

The recent strike by the International Association of Machinists and Aerospace Workers (IAMAW) led to a production halt of the 767 and 777 models, further reducing revenue and causing additional burdens for suppliers and customers. "We have tried to minimize the impact, but the production interruption was unavoidable," said Ortberg.

The financial problems worsened after the incident with the 737 Max and the resulting regulatory requirements that slowed down the production speed. Additionally, the rating agency S&P warned of a possible downgrade of Boeing bonds to junk status, which could force the company to raise at least 10 billion US dollars in new equity.

Despite the announced measures, analysts remain skeptical.

In addition to internal challenges, Boeing is also facing ongoing investigations related to the 737 Max and quality controls, which puts additional pressure on management. The delay in 777X delivery and the extensive job cuts highlight the severe difficulties the company is facing.