Today, Boeing reported second quarter revenue of $22.7 billion, a 35% increase from last year. The company also posted a loss of $433 million, or $1.24 per share, which was better than what analysts expected.
In the second quarter of this year, sales in Boeing’s commercial airplane division increased by 81% year-over-year to $10.87 billion, and its negative operating margin was cut in half to 5.1%.
In Q2, Boeing delivered 150 airplanes, reaching the highest total since 2018. The company also ramped up production of its 737 Max aircraft to 38 units per month.
Boeing CEO Kelly Ortberg told investors: “Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers.”
Moving forward, Ortberg said, “As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment.”
In a note to staff, the CEO stated, “Change takes time, but we’re starting to see a difference in our performance across the business. If we continue to tackle the important work ahead of us and focus on safety, quality and stability, we can navigate the dynamic global environment and make 2025 our turnaround year.”
Boeing shares jumped 3% following the company’s announcement.
By CEO NA Editorial Staff
