Boeing faces a significant financial blow as delays in its new 777X aircraft production will cost the company $5 billion in late delivery penalties. The anticipated delivery date for the 777X has been pushed back to 2027 due to regulatory hurdles, despite a surge in international travel demand.

• Penalties for the 777X delays will total $5 billion (£3.7 billion), with cumulative charges reaching almost $15 billion (£11.3 billion).
• Kelly Ortberg, chief executive, expressed disappointment over the delay but noted strong performance in flight testing.
• The delay comes amid efforts by Boeing to "restore trust" and stabilize operations following past incidents, regulatory scrutiny, and staff strikes.