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Boeing published its first-quarter results, ending with a net loss of $31 million while reporting an 18% increase in revenue from the previous year. This improvement is linked to a rise in deliveries compared to the same period in 2024. The 737 MAX, a key program for Boeing, saw a gradual increase in production rates during the quarter. The company aims to reach a production rate of 38 units per month by the end of 2025.
In its operational performance, Boeing swung to a profit, marking an operating profit of $461 million. This is a significant change from the $86 million operational loss in the first quarter of 2024. "We start to see improved operational performance across our businesses from our ongoing focus on safety and quality," stated Kelly Ortberg, Boeing's President and CEO. He emphasized the continuation of the company's recovery efforts.
Boeing reported $19.4 billion in revenue for the first quarter. The cash outflow was reduced to $1.6 billion, down from $3.3 billion in the previous year. Cash and investments in marketable securities amounted to $23.7 billion at the quarter's end.
