Overview
- Chinese airlines have stopped accepting Boeing aircraft following a U.S.-China tariff escalation, with China imposing 125% tariffs on U.S. goods and the U.S. raising tariffs to 145%.
- Boeing CEO Kelly Ortberg confirmed that several 737 MAX jets have already been returned from China and the company is actively remarketing up to 50 planes to other buyers.
- Despite the delivery halt, Boeing reported a smaller-than-expected Q1 loss of $123 million and an 18% revenue increase to $19.5 billion, signaling progress in its recovery plan.
- The company reaffirmed its 2025 production targets, including increasing 737 MAX output to 38 per month and delivering the first 777-9 in 2026, while monitoring potential global trade impacts.
- Boeing also announced a $10.55 billion divestiture of its digital aviation assets to Thoma Bravo, part of its strategy to strengthen financial stability during its turnaround efforts.