Boeing narrows losses as deliveries hit 6-year high

Boeing cut its quarterly loss to $176 million, down sharply from $1.09 billion a year ago, as airplane deliveries surged to their highest since 2018.

Revenue jumped 35% to $22.75 billion, beating Wall Street estimates. CEO Kelly Ortberg said performance is finally improving, pointing to better safety, quality and stability. 

The company delivered 150 jets in the second quarter and boosted 737 Max production to 38 per month, the FAA’s current limit.

Commercial growth
Boeing’s commercial airplane sales soared 81% to $10.87 billion, while the defense unit grew 10% to $6.6 billion. The aviation giant’s services business also rose 8% to $5.3 billion. 

The company reduced cash burn to $200 million, down from over $4.3 billion last year, as deliveries increased and production stabilized.

Challenges ahead
Despite progress, Boeing faces hurdles. Certification for the 737 Max 7 and Max 10 has been delayed to 2026. Meanwhile, a potential 3,200-worker strike at its defense factory may disrupt operations.