Boeing reported a Q3 revenue beat of $23.27 billion, higher than expected and a 30% increase from last year. Adjusted free cash flow improved to negative $238 million, a significant jump from last year’s negative $1.34 billion. Operating cash flow also rose to $1.12 billion in Q3. The 777X delay led to a $4.9 billion charge. CEO Kelly Ortberg emphasized safety and quality in the recovery process. The FAA approved Boeing to increase 737 MAX production to 42 per month. Boeing’s defense workers in St. Louis rejected a contract proposal, continuing a 13-week strike. Q3 commercial deliveries included deals with Norwegian Group, Turkish Airlines, WestJet, and Korean Air. Airbus remains ahead of Boeing in global deliveries, facing engine supply issues.

Read more at Yahoo Finance: Boeing posts Q3 revenue beat, improving cash flow burn rate as CEO Ortberg’s turnaround plan takes off