Boeing has reported a smaller-than-anticipated loss for the first quarter, reflecting notable improvements across its business segments, particularly in its crucial commercial aircraft unit. This performance marks a significant step for the manufacturer, which has been grappling with years of financial setbacks.
In its earnings release, Boeing detailed a loss of $7 million, or 11 cents per share, for the first three months of the year, an improvement from a loss of $31 million, or 16 cents per share, during the same period last year. When accounting for one-time items, the adjusted loss was recorded at 20 cents per share, compared to analysts’ expectations of a loss of 83 cents.
Revenue for the first quarter reached $22.22 billion, surpassing the forecast of $21.78 billion and representing a 14% increase year-over-year. The commercial aircraft unit, which remains Boeing’s largest segment, delivered 143 airplanes in the quarter—up 10% from the previous year—generating $9.2 billion in revenue, although it still reported an operational loss.
CEO Kelly Ortberg, who stepped into the role in August 2024, expressed pride in the team’s ability to navigate challenges while maintaining strategic momentum. In a note to employees, he emphasized the importance of teamwork and the incredible achievements that can result when the company collaborates effectively.
Looking ahead, Boeing remains optimistic about the certification of the 737 Max 7 and Max 10, anticipated later this year, with deliveries slated to commence in 2027. The company is currently ramping up production of its 737 Max aircraft, reaching approximately 42 units per month. However, further increases in production rates will hinge on approvals from the Federal Aviation Administration, particularly following a safety incident that occurred in January 2024 involving a fuselage door plug.
In addition to the commercial segment, Boeing’s defense business saw a significant revenue increase of 21%, totaling $7.6 billion, while its services business also experienced growth, rising 6% to $5.37 billion in the first quarter. This positive trajectory may signal a potential recovery for Boeing as it attempts to regain stability and profitability in the coming months.
