The nose cone of a Boeing 787 being displayed on the tarmac during the Paris Air Show at Le Bourget Airport, outside Paris, June 25, 2023.<\/p>\n
Nicolas Economou | Nurphoto | Getty Images<\/p>\n
Boeing<\/a>\u00a0slashed its quarterly losses as sales jumped after it delivered<\/a> the most airplanes since 2018, the clearest sign yet of improvement<\/a> at the manufacturer that has swung from crisis to crisis for years.<\/p>\n Here’s how\u00a0Boeing\u00a0performed in the second quarter, compared with estimates compiled by LSEG:<\/p>\n The aerospace giant lost $176 million in the three months ended June 30, down from $1.09 billion a year earlier. Revenue rose 35% to $22.75 billion from $16.87 billion last year. Adjusting for one-time items,\u00a0Boeing\u00a0reported a loss of $433 million or $1.24 a share, better than the loss analysts expected.<\/p>\n “Change takes time, but we’re starting to see a difference in our performance across the business,” CEO Kelly Ortberg said in a note to staff outlining improvements across\u00a0Boeing’s businesses.<\/p>\n “If we continue to tackle the important work ahead of us and focus on safety, quality and stability, we can navigate the dynamic global environment and make 2025 our turnaround year,” he said.<\/p>\n Boeing\u00a0has been getting better by many metrics under Ortberg<\/a>, a former aerospace executive and engineer who took the top job last August. Its airplane deliveries have improved, its production has become more stable and even once-critical airline CEOs have praised\u00a0Boeing’s leadership.<\/p>\n Boeing burned through $200 million in the second quarter, down from more $4.3 billion in the same period of 2024, which the company had expected would be a pivotal year for the plane maker until a door plug<\/a> blew out of one of its packed Max 737 9 planes several minutes into the flight, renewing federal scrutiny on the company and hobbling production.<\/p>\n In the second quarter of this year, sales in Boeing’s commercial airplane unit rose 81% from a year ago to $10.87 billion, and its negative operating margin more than halved to 5.1%.<\/p>\n\n