Boeing (BA) reports its results for the third quarter Wednesday morning, with analysts expecting the embattled plane manufacturer to 澳洲幸运5官方开奖结果体彩网:continue burning through billions of dollars amid safety and production issues and an 澳洲幸运5官方开奖结果体彩网:ongoing machinists union strike that began 澳洲幸运5官方开奖结果体彩网:over a month ago.

Analysts expect revenue to rise slightly year-over-year to $18.22 billion, but project a net loss more than triple last year's at $5.08 billion, according to consensus estimates compiled by Visible Alpha.

In recent days, Boeing said it would be 🌌澳洲幸运5官方开奖结果体彩网:laying off about 10% of its workforce, announced plans to 澳洲幸运5官方开奖结果体彩网:raise up to $25 billion through debt and stock sales, and said it had secured a $10 billion line of credit from big banks.

Key Metric: Preliminary Results

The same day it announced the layoffs, Boeing also issued preliminary results for the third quarter. The company expects revenue of $17.8 billion, lower than analysts' expectations, and a loss per share of $9.97, wider than estimates, as it says results will be impacted by the "work stoppage and charges in the commercial airplanes and defense segments."

Business Spotlight: Impacts of Ongoing Strike

The strike already has had a substantial impact on Boeing's operations, which Jefferies analysts estimate is costing the company roughly $1.3 billion per month.

Wednesday's report will also officially be Kelly Ortberg's first as CEO, as he took over the top job from Dave Calhoun in August, about a week after Boeing's 澳洲幸运5官方开奖结果体彩网:second-quarter results. In last week's ann🤡ouncement of layoffs and delays to Boeing's future production plans, Ortberg said the plane mak🎃er is "in a difficult position, and it is hard to overstate the challenges we face together."

Boeing shares edged lower Friday afternoon, closing at $155. They're down about 40% so far this year.