Boeing narrows losses in Q2 as deliveries rise and revenue surpasses forecasts

Boeing completed 150 commercial deliveries during the quarter, up from 92 in Q2 2024, marking its highest second-quarter total since 2018. In the first half of this year, Boeing has delivered 280 aircraft compared to 175 in the same period last year. The company expects to reach approximately 580 deliveries for all of 2025, a notable increase from the 348 delivered in 2024.

Net orders reached 455 for the quarter, with significant commitments including Qatar Airways ordering 120 Dreamliners and 30 777-9s, as well as British Airways purchasing 32 additional Dreamliners. Boeing’s backlog now exceeds 5,900 commercial planes with a total value of $619 billion.

Production rates for key models have also risen: monthly output for the 737 MAX reached 38 aircraft during Q2 with plans to increase further later this year; production of the 787 Dreamliner stands at seven per month.

In its Defense, Space & Security division, revenues rose by 10% year-on-year while operating margins improved from -15.2% to positive territory at 1.7%. Highlights included contracts for T-7A Red Hawk aircraft and ground testing on the MQ-25 Stingray drone for the US Navy.

However, Boeing faces labor unrest at its St. Louis factories where fighter jets are produced; more than 3,200 members of International Association of Machinists and Aerospace Workers District 837 rejected a proposed contract offering a cumulative salary increase of 20% over four years.

The company is expanding its St. Louis facilities ahead of production on new defense projects following recent contract wins related to next-generation air dominance platforms.

After releasing its quarterly results, Boeing’s stock price rose by two percent and is now more than thirty percent higher than at the start of this year.

"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers," said CEO Kelly Ortberg.