Today, Boeing shares are rebounding after the company reported a notably reduced first-quarter loss. The U.S. planemaker continues to recover following a labor strike that halted production in late 2024.
For Q1, Boeing reported revenue of $19.5 billion. Its cash flow usage improved to -$2.3 billion, compared to -$3.9 billion from a year ago.
Despite its recent troubles in the U.S.-China trade war, which led to the return of two of its planes destined for China, Boeing shares rose 4.2% in premarket trading today.
Kelly Ortberg, Boeing President and CEO, told investors, “Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality. “We continue to execute our plan, are seeing early positive results and remain committed to making the fundamental changes needed to fully recover the company’s performance while navigating the current environment.”
Boeing delivered about 60% more jets in the first quarter and aims to boost the output of its high-demand 737 MAX jets to 38 per month by the end of 2025.
By CEO NA Editorial Staff
