Boeing reported a narrower second-quarter loss and a sharp rebound in revenue as the U.S. planemaker accelerated jet deliveries after years of production problems and a strike that shut factories last year. Revenue climbed 35% from a year earlier to $22.75 billion, topping analyst estimates, while the net loss shrank to $612 million, or $0.92 a share, from $1.44 billion a year ago. Excluding pension-related items, Boeing posted a core loss of $1.24 a share, better than the consensus loss of roughly $1.40–$1.48. Operating cash flow turned positive at $227 million and free cash burn was cut to $200 million, a steep improvement on both the preceding quarter and the year-earlier period. Operationally, the company delivered 150 commercial aircraft, up from 92 a year earlier. Output of the 737 family reached 38 jets a month during the quarter, and 787 Dreamliner production increased to seven a month. Boeing ended June with a record $619 billion order backlog, representing about 5,900 commercial planes. Chief Executive Officer Kelly Ortberg said efforts to improve safety and quality are beginning to pay off and reiterated that 2025 is intended to be a “turnaround year.” Chief Financial Officer Brian West told analysts the company still expects free cash flow to turn positive by year-end. The outlook is tempered by fresh delays: Boeing now anticipates U.S. certification of its 777-9 wide-body and 737 MAX 7 and 10 variants only in 2026. Boeing shares rose in early trading on the results but later slipped as investors weighed the production and certification timetable.
$BA #Boeing reported its quarterly loss had more than halved as the US planemaker ramped up jet deliveries, marking a key step in the company’s recovery following years of quality issues and production delays on its flagship 737 MAX. https://t.co/nn5IOYy1zK
Boeing reported its quarterly loss had more than halved as the US planemaker ramped up jet deliveries, marking a key step in the company’s recovery following years of quality issues and production delays on its flagship 737 MAX. Read more: https://t.co/h9gzMJz8xM https://t.co/bgu07bgLRE
Boeing's quarterly loss more than halved and was much smaller than analysts expected as the US planemaker ramped up jet deliveries, recovering from a regulatory crisis and a major strike that halted most production last year https://t.co/CL89QnQLXI https://t.co/LZAOWBh9sR