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The beleaguered planemaker, Boeing, has predicted that its 737 Max aircraft will return to service by the end of the year.
The plane was grounded worldwide in March 2019 after two fatal crashes that claimed 346 victims.
An anti-stall system called MCAS was blamed for both tragedies.
The company has been working to find a solution that will satisfy regulators around the world.
In its third-quarter results, Boeing reported profits of $895m (£695m) on revenue of $20bn (£15.5bn) – less than half the earnings compared with a year earlier.
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This picture taken on March 11, 2019, shows debris of the crashed airplane of Ethiopia Airlines, near Bishoftu, a town some 60 kilometres southeast of Addis Ababa, Ethiopia. – An Ethiopian Airlines Boeing 737 crashed on March 10 morning en route from Addis Ababa to Nairobi with 149 passengers and eight crew believed to be on board, Ethiopian Airlines said. (Photo by Michael TEWELDE / AFP)MICHAEL TEWELDE/AFP/Getty Images
AFP/Getty Images
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Family members mourn the victims at the crash site of the Ethiopian Airlines operated Boeing 737 MAX aircraft, at Hama Quntushele village in the Oromia region, on March 13, 2019. – A Nairobi-bound Ethiopian Airlines Boeing crashed minutes after takeoff from Addis Ababa on March 10, 2019, killing all eight crew and 149 passengers on board, including tourists, business travellers, and “at least a dozen” UN staff. Families of the victims were taken to the remote site on March 13, 2019, where the plane smashed into a field with 157 passengers and crew from 35 countries, leaving a deep black crater and tiny scraps of debris. (Photo by TONY KARUMBA / AFP)TONY KARUMBA/AFP/Getty Images
AFP/Getty Images
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A page of a Boeing flight crew operations manual is seen at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, near Addis Ababa, Ethiopia March 12, 2019. REUTERS/Baz Ratner
REUTERS
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epa07434278 Rescue workers search the site for pieces of the wreckage of an Ethiopia Airlines Boeing 737 Max 8 aircraft near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STRINGER
EPA
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A grounded Boeing 737 MAX 8 passenger plane of the Norwegian low-cost airline Norwegian is parked at the tarmac at Vantaa airport in Vantaa near Helsinki, Finland on March 13, 2019. – A number of countries have banned Boeing’s 737 MAX 8 medium-haul workhorse jet from their airspace in response to the Ethiopian Airlines crash that killed all 157 people on board. (Photo by Heikki Saukkomaa / Lehtikuva / AFP) / Finland OUTHEIKKI SAUKKOMAA/AFP/Getty Images
AFP/Getty Images
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Rescue workers search the site for pieces of the wreckage of an Ethiopia Airlines Boeing 737 MAX 8 aircraft near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STRINGER
EPA
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A heap of debris from the wreckage of an Ethiopia Airlines Boeing 737 MAX 8 aircraft are piled at the crash site near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STR
EPA
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A crew working with an investigative team to clear the site after the Sunday crash of the Ethiopian Airlines operated Boeing 737 MAX aircraft, carry debris at Hama Quntushele village in the Oromia region, on March 13, 2019. – A Nairobi-bound Ethiopian Airlines Boeing crashed minutes after takeoff from Addis Ababa on March 10, killing all eight crew and 149 passengers on board, including tourists, business travellers, and “at least a dozen” UN staff. Families of the victims were taken to the remote site on March 13, 2019, where the plane smashed into a field with 157 passengers and crew from 35 countries, leaving a deep black crater and tiny scraps of debris. (Photo by TONY KARUMBA / AFP)TONY KARUMBA/AFP/Getty Images
AFP/Getty Images
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FILE PHOTO: An American Airlines Boeing 737 MAX 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, U.S., March 12, 2019. REUTERS/Shannon Stapleton/File Photo
REUTERS
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This picture taken on March 11, 2019, shows debris of the crashed airplane of Ethiopia Airlines, near Bishoftu, a town some 60 kilometres southeast of Addis Ababa, Ethiopia. – An Ethiopian Airlines Boeing 737 crashed on March 10 morning en route from Addis Ababa to Nairobi with 149 passengers and eight crew believed to be on board, Ethiopian Airlines said. (Photo by Michael TEWELDE / AFP)MICHAEL TEWELDE/AFP/Getty Images
AFP/Getty Images
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Family members mourn the victims at the crash site of the Ethiopian Airlines operated Boeing 737 MAX aircraft, at Hama Quntushele village in the Oromia region, on March 13, 2019. – A Nairobi-bound Ethiopian Airlines Boeing crashed minutes after takeoff from Addis Ababa on March 10, 2019, killing all eight crew and 149 passengers on board, including tourists, business travellers, and “at least a dozen” UN staff. Families of the victims were taken to the remote site on March 13, 2019, where the plane smashed into a field with 157 passengers and crew from 35 countries, leaving a deep black crater and tiny scraps of debris. (Photo by TONY KARUMBA / AFP)TONY KARUMBA/AFP/Getty Images
AFP/Getty Images
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A page of a Boeing flight crew operations manual is seen at the scene of the Ethiopian Airlines Flight ET 302 plane crash, near the town of Bishoftu, near Addis Ababa, Ethiopia March 12, 2019. REUTERS/Baz Ratner
REUTERS
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epa07434278 Rescue workers search the site for pieces of the wreckage of an Ethiopia Airlines Boeing 737 Max 8 aircraft near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STRINGER
EPA
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A grounded Boeing 737 MAX 8 passenger plane of the Norwegian low-cost airline Norwegian is parked at the tarmac at Vantaa airport in Vantaa near Helsinki, Finland on March 13, 2019. – A number of countries have banned Boeing’s 737 MAX 8 medium-haul workhorse jet from their airspace in response to the Ethiopian Airlines crash that killed all 157 people on board. (Photo by Heikki Saukkomaa / Lehtikuva / AFP) / Finland OUTHEIKKI SAUKKOMAA/AFP/Getty Images
AFP/Getty Images
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Rescue workers search the site for pieces of the wreckage of an Ethiopia Airlines Boeing 737 MAX 8 aircraft near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STRINGER
EPA
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A heap of debris from the wreckage of an Ethiopia Airlines Boeing 737 MAX 8 aircraft are piled at the crash site near Bishoftu, Ethiopia, 13 March 2019. Ethiopian Airlines flight ET 302 carrying 149 passengers and 8 crew was en route to Nairobi, Kenya, when it crashed on 10 March 2019 by yet undetermined reason. All passengers and crew aboard died in the crash. The Boeing 737 Max 8 aircraft has come under scrutiny after similar deadly crashes in Ethiopia and Indonesia within a few months. Several countries have banned the plane type from their airspace and many airlines have grounded their 737 Max 8 planes for safety concerns after the Ethiopian Airlines plane crashed minutes after take-off on 10 March. EPA/STR
EPA
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A crew working with an investigative team to clear the site after the Sunday crash of the Ethiopian Airlines operated Boeing 737 MAX aircraft, carry debris at Hama Quntushele village in the Oromia region, on March 13, 2019. – A Nairobi-bound Ethiopian Airlines Boeing crashed minutes after takeoff from Addis Ababa on March 10, killing all eight crew and 149 passengers on board, including tourists, business travellers, and “at least a dozen” UN staff. Families of the victims were taken to the remote site on March 13, 2019, where the plane smashed into a field with 157 passengers and crew from 35 countries, leaving a deep black crater and tiny scraps of debris. (Photo by TONY KARUMBA / AFP)TONY KARUMBA/AFP/Getty Images
AFP/Getty Images
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FILE PHOTO: An American Airlines Boeing 737 MAX 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, U.S., March 12, 2019. REUTERS/Shannon Stapleton/File Photo
REUTERS
The figures cover the three months from July to September.
Boeing has said it is expecting that “regulatory approval of the 737 Max return to service will begin in the fourth quarter of 2019 and that it will gradually increase the 737 production rate from 42 per month to 57 per month by late 2020.”
Dennis Muilenburg, president and CEO of Boeing, said: “Our top priority remains the safe return to service of the 737 Max, and we’re making steady progress”.
Boeing has also announced that the first of a new version of its highly successful long-haul 777, to be known as the 777X, will not be delivered until early 2021 – later than expected.
The planemaker will also reduce the monthly production rate of its 787 “Dreamliner” from 14 to 12 from late 2020 as a result of an expected global drop in demand.
Separately, family members of the victims of the Lion Air crash on 29 October 2019 have been given advance notice of the final accident report.
The Indonesian National Transportation Safety Committee is expected to release the report into the tragedy, which claimed 189 victims, on Friday.
It blames Boeing for installing the MCAS system without properly briefing pilots about its existence, purpose and potential problems.The report also criticises maintenance procedures at Lion Air.
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