Boeing announced further strategic actions after the market closed on 11 October in a bid to remain competitive in the face of the ongoing strike by machinist workers in Portland and Seattle.  The US company announced that it was expecting to report third quarter revenue of $17.8bn, GAAP loss per share of ($9.97), and operating cash flow loss $1.3bn.  Based on an “updated assessment of the certification timelines to address the delays in flight testing of the 777-9, as well as anticipated delays associated with the IAM work stoppage”, Boeing Commercial Airplanes expects to recognise pre-tax earnings charges of $3.0bn

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