Boeing narrows losses as aircraft deliveries rise
Make us a preferred source
Make us a preferred source on Google
The news: Plane manufacturer Boeing reported lower-than expected cash outflows during the first quarter as it delivered the most aircraft in Q1 since 2019.
The numbers: Boeing’s revenue climbed 14% to USD22.2 billion ($31 billion), which it attributed in large part to the delivery of 143 planes this quarter.
The company posted a USD7 million loss for the quarter, compared with a USD31 million loss the year prior.
Boeing’s defence, space and security business also shone, growing 21% to USD7.6 billion on the back of increased deliveries to the US military. The unit’s backlog grew to a record USD86 billion, with 27% representing orders from outside the US.
Boeing spent USD1.45 billion in the three months ending 31 March, a lingering cost from the production caps imposed on the company by US regulators over quality-control failures.
The context: The company is increasing output of its 737 family of aircraft, and confirmed guidance for 2026 that it expectations to generate USD1 billion to USD3 billion in free cash.
What they said: "We’re building on our momentum with a strong start to the year and growing record-breaking backlog across our business, while supporting our customers with inspiring missions like Artemis II,” said Kelly Ortberg, Boeing president and CEO. “With a continued focus on safety and quality, we’re delivering high-quality commercial and defense products and services, while increasing production to uphold our customer commitments and get back to the iconic global aerospace company that leads our industry.”
The sources: Boeing earnings release, Bloomberg, Wall Street Journal
