Boeing’s turning the corner. The company posted a Q1 net loss (Boeing’s Losses) of just $7 million, way better than the $31 million hit it took last year at this time. Commercial plane deliveries jumped 10% to 143 aircraft, pushing revenue up 14% to $22.2 billion.Wall Street expected an adjusted loss of 83 cents per share, but Boeing crushed it with a core loss of 20 cents (and 11 cents on a GAAP basis). Check the details on CNBC or Boeing’s investor site.
The commercial airplanes unit pulled in $9.2 billion in revenue (up 13%), but still logged a $563 million operating loss. The 737 line’s cranking out 42 planes a month now. Regulators should greenlight the oddball-sized 737-7 and 737-10 models by year-end, with deliveries kicking off in 2027.
Defense, space, and security brought home $7.6 billion in revenue and flipped to a $233 million operating profit—about 1.5x what it made last year. Global services hit $5.4 billion in revenue with $971 million in operating income, though margins dipped to 18.1% from 18.6% (blame the sale of their Digital Aviation Solutions unit).
Cash flow improved big time: operating cash flow was a negative $179 million (vs. -$1.6 billion last year). Free cash flow took a $1.5 billion hit from capex, mostly boosting 787 production in Charleston, SC, and military ops near St. Louis. Cash pile dropped to $20.9 billion from $29.4 billion, thanks to paying down debt-total debt’s now $47.2 billion, down from $54.1 billion.
Backlog hit a massive record $695 billion, with $576 billion (over 6,100 planes) from commercial jets alone. New orders: 140 net, including 30 787-10s for Delta, 25 737-10s and 25 737-8s for Aviation Capital Group, and 20 737-8s for Air India.“We’re building on our momentum with a strong start to the year and growing record-breaking backlog across our business” said CEO Kelly Ortberg. He stepped in last August 2024 to fix years of safety snags and production headaches. The 777X keeps advancing too—FAA okayed a new certification flight test phase, with 777-9 deliveries eyed for 2027.
FAQs about Boeing’s Losses
Q: How bad was Boeing’s Q1 loss?
Ans: Just $7 million net-huge improvement from $31 million last year.
Q: Did deliveries grow?
A: Yes, commercial planes up 10% to 143.
Q: Beat earnings expectations?
A: Smashed ’em-reported 20-cent core loss vs. 83 cents expected.
Q: What’s the backlog like?
A: Record $695 billion total, $576 billion from 6,100+ commercial jets.
Q: Any big new orders?
A: 140 net, highlighted by Delta’s 30 787-10s and Air India’s 20 737-8s.
Q: When’s the 777X coming?
A: First 777-9 deliveries in 2027.