Boeing posts $1.6B loss in 3Q on plane charges - KWWL - Eastern Iowa Breaking News, Weather, Closings

Boeing posts $1.6B loss in 3Q on plane charges

CHICAGO (AP) -- Chicago-based Boeing lost $1.6 billion in the third quarter.

Boeing attributes the loss to charges from its delayed 787 and revamped 747. And those charges also forced the airplane maker to slash this year's profit forecast.

Boeing has struggled with a series of setbacks. Production problems have delayed its eagerly awaited 787 passenger plane and a bigger version of its 747 jumbo jet, resulting in charges from write-downs and penalties.

Boeing's quarterly loss amounted to $2.23 per share. That compared with earnings of $695 million, or 96 cents per share, a year earlier.

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