As Boeing continues to ramp up production and enact its turnaround plan, the US manufacturer has reported a second quarter 2025 net loss of $612 million. The company has significantly narrowed its net losses from $1.1bn a year prior.
Additionally, the company's revenues climbed 35% to $22.7bn for the period. Operating losses were slashed from $1.1bn in last year's second quarter to $176 million in this year's second quarter. The company also generated a positive operating cash flow of $227 million, compared with a negative cash flow of $3.9bn a year prior.
“Our fundamental changes to strengthen safety and quality are producing improved results as we stabilise our operations and deliver higher quality airplanes, products and services to our customers,” said Boeing president and CEO Kelly Ortberg.
Ortberg was brought into Boeing last year amid a challenging year for the company with FAA oversight after the well-documented Alaska Airlines Flight 1282 incident, as well as the extended machinist strike in the second half of 2024.
“As we look to the second half of the year, we remain focussed on restoring trust and making continued progress on our recovery while operating in a dynamic global environment,” continued Ortberg.
The company's commercial airplanes division delivered a total of 150 aircraft during the quarter, up from 92 last year. The higher deliveries supported the segment's 81% increase in revenues, which totalled $10.9bn. Operating losses narrowed from $715 million last year to $557 million. The commercial airplanes segment reported an operating margin of a negative 5.1%, improving from a negative 11.9% last year.
“The 737 programme increased the production rate to 38 per month in the quarter and plans to stabilise at that rate before requesting approval to 42 per month later this year,” Boeing said in a statement. The FAA imposed a 38 per month production cap on the 737-programme following the Flight 1282 incident.
As of the end of the quarter, the company had cash and investments in marketable securities totalling $23bn and consolidated debt of $53.3bn.