Boeing narrows Q2 loss as commercial aircraft deliveries rebound
By Josh White
Date: Tuesday 29 Jul 2025
(Sharecast News) - Boeing reported a narrower second-quarter loss and stronger revenue on Tuesday, as a rebound in commercial aircraft deliveries helped offset ongoing scrutiny over safety practices and looming industrial unrest.
Revenue rose 35% year-on-year to $22.75bn, driven by the delivery of 150 commercial jets, up from 92 in the same period last year.
The company reported a net loss of $612m, compared to $1.44bn a year ago, with a GAAP loss per share of 92 cents and a core non-GAAP loss of $1.24 per share - both better than analysts had expected.
Operating cash flow turned positive at $227m, a sharp improvement from the $3.92bn outflow a year earlier.
However, free cash flow was slightly negative at $200m.
CEO Kelly Ortberg said the results reflected progress in Boeing's turnaround efforts, noting "our fundamental changes to strengthen safety and quality are producing improved results."
He told employees the company was "ahead of where I thought we would be in our recovery," adding that if Boeing maintained its current momentum, "2025 can be our turnaround year."
Commercial airplanes revenue rose to $10.9bn, with 737 production hitting 38 aircraft per month during the quarter.
Boeing said it was aiming to stabilise production at that level before seeking approval to raise output to 42 per month later in the year.
Deliveries included 102 737 MAX jets and 24 787 Dreamliners, with significant new orders from Qatar Airways and IAG subsidiary British Airways contributing to a commercial backlog valued at $522bn.
The company's defence, space and security division posted revenue of $6.6bn and a modest operating margin of 1.7%.
Boeing highlighted a new US Air Force contract for four T-7A jets and continued development of the MQ-25 Stingray drone for the US Navy.
Global services delivered a strong quarter with $5.3bn in revenue and a 19.9% operating margin.
Boeing completed the sale of its maintenance facility at Gatwick Airport and secured a new training systems contract with the Republic of Korea Navy.
Total company backlog rose to $619bn across all divisions.
Boeing's debt edged down to $53.3bn during the quarter, while cash and short-term investments stood at $23bn.
Despite the improved financials, Boeing remained under pressure.
The US National Transportation Safety Board in June blamed "lapses in Boeing's manufacturing and safety oversight" for a midair panel blowout on an Alaska Airlines 737 MAX jet in early 2024.
In May, the company reached a non-prosecution agreement with the Department of Justice over past misrepresentations to regulators related to the 737 MAX crashes in 2018 and 2019, which killed more than 300 people.
Labour tensions were also building, with more than 3,200 unionised workers in Missouri threatening to strike in early August over pay and conditions.
Boeing was currently in a mandatory cooling-off period after the International Association of Machinists and Aerospace Workers rejected a proposed contract.
Separately, a fatal crash of an Air India 787 Dreamliner in June had sparked further investigation, although initial reports suggest the incident was caused by pilot error rather than a design fault.
At 0858 EDT (1358 BST), shares in the Boeing Company were up 1.52% in premarket trading in New York, at $240.00.
Reporting by Josh White for Sharecast.com.
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