Boeing reported a smaller-than-expected first-quarter loss, with improvements across its business, including its key commercial aircraft division, as the maker tries to stem years of losses.
Here’s Boeing’s first-quarter performance, compared to analyst estimates compiled by LSEG:
- Loss per share: 20 cents adjusted versus expected loss of 83 cents
- Income: 22.22 billion dollars against $21.78 billion expected
Sales rose 14% to $22.22 billion in the first three months of the year. The company narrowed its first-quarter net loss to $7 million, or 11 cents per share, from a loss of $31 million, or 16 cents per share, a year earlier. After adjusting for one-time items, Boeing reported a loss of 20 cents per share.
“Even though we faced some challenges, I am proud of how our team came together and worked through them to allow us to meet our plans for the year,” CEO Kelly Ortberg told employees in a memo Wednesday. “When we work as a team, it’s amazing what we can do as a company.”
Ortberg took the reins in August 2024, tasked with correcting Boeing’s course after years of safety and manufacturing crises that cost the company billions of dollars.
Boeing said it still expected the long-delayed 737 Max 7 and Max 10, the smallest and largest best-selling Max family planes, to be certified later this year, with deliveries beginning in 2027.
Boeing’s commercial aircraft division delivered 143 planes in the first quarter, an increase of 10% from the previous year. The unit, Boeing’s largest, reported revenue of $9.2 billion, up 13 percent, although it still posted an operating loss.
Boeing has ramped up production of its planes and its 737 Max is being deployed at a rate of about 42 per month. Further increases would require approval from the Federal Aviation Administration, a requirement after the near-catastrophic explosion of a fuselage door plug in January 2024.
Revenue from the company’s defense business rose 21% to $7.6 billion, and revenue from its services business rose 6% from 2025 to $5.37 billion in the first quarter.