Boeing Reports Strongest Revenue in Six Years

New York Times

a day ago

Boeing reported $22.7 billion in revenue in the three months that ended in June, its biggest quarterly haul in six years, an indication of the progress the company has made in producing and delivering commercial planes after a series of damaging crises.
Boeing still reported a loss of $612 million in the quarter, but that was a substantial improvement over the $1.4 billion loss during the same period a year ago.
'We're just over halfway through 2025, and I'm pleased with our progress,' Kelly Ortberg, the company's chief executive, said in a message to employees. 'Change takes time, but we're starting to see a difference in our performance across the business.'
Mr. Ortberg, a longtime aerospace executive, joined the company last August as it sought to recover from its latest crisis, caused by a poorly installed panel that blew off a Boeing 737 Max jet during a flight early last year. No one was killed, but the episode resurfaced widespread concerns about Boeing's planes five years after two fatal crashes involving the Max.
The new chief executive ordered changes aimed at improving quality and safety. And the company has steadily increased production and deliveries of its passenger planes since. Boeing delivered 280 commercial jets in the first half of this year, the most in the first six months of any year since 2018, before the fatal Max crashes.
Boeing has also increased production of the Max to 38 planes per month, a ceiling the Federal Aviation Administration imposed after the panel blowout. Mr. Ortberg said that the company was planning to ask the F.A.A. for permission to increase production to 42 Max jets a month when internal quality metrics indicated that it was safe to do so. The company has also increased production of the 787 Dreamliner, a larger, twin-aisle plane, to seven jets per month.
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