Overview
- Boeing narrowed its second-quarter net loss to $697 million from $1.4 billion a year earlier while reporting revenue of $22.7 billion, up 34.9 percent year-over-year.
- The company cut its quarterly cash burn to $200 million, a steep drop from $4.3 billion in Q2 2024 and $2.3 billion in the prior quarter.
- Monthly 737 MAX output has stabilized at 38 jets, underpinning the delivery of 150 commercial aircraft in the quarter.
- CEO Kelly Ortberg plans to request FAA approval to raise 737 MAX production to 42 jets per month once key performance indicators are met.
- Certification of the 737-7 and 737-10 models has been delayed into next year as Boeing works to resolve anti-ice system issues.