Overview
- Analysts expect Boeing to report about $21.7 billion in Q2 revenue, compared with $16.9 billion a year earlier, and to narrow its operating loss to around $161 million.
- The company’s stock has climbed more than 30 percent year to date, reflecting investor confidence in CEO Kelly Ortberg’s cost cuts and quality remediation efforts.
- Boeing reached the FAA-capped production rate of 38 Max jets per month and has set a goal of 42 by mid-year pending regulatory approval.
- Commercial aircraft deliveries rose to 150 in Q2, up from 92 in the year-ago period, supporting a forecasted decline in free cash burn to $1.8 billion.
- Long-delayed certifications for the 737 Max 7 and Max 10 and a potential strike at the defense unit after a rejected labor deal remain key challenges.