Seattle, July 30 - Boeing, the U.S. aerospace giant, reported a significant improvement in its financial performance for the second quarter of 2025, with its quarterly loss shrinking by more than half compared to the previous year. The company posted a net loss of $612 million, or $0.92 per share, a substantial reduction from the $1.44 billion loss, or $2.33 per share, recorded in the same period of 2024. On an adjusted basis, Boeing’s core loss per share was $1.24, outperforming analysts’ expectations of a $1.48 loss per share. This better-than-expected result was driven by a robust increase in jet deliveries, signaling a cautious recovery from a tumultuous period marked by regulatory scrutiny and production challenges. Total revenue for the quarter rose 35% to $22.75 billion, surpassing analyst estimates of $21.84 billion, primarily fueled by the commercial airplanes division, which generated $10.87 billion in revenue, an 81% increase from the prior year.
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The rebound in jet deliveries was a key factor in Boeing’s improved financial position. The company delivered 280 commercial aircraft in the first half of 2025, including 206 737 MAX jets, compared to 175 airliners, including 135 737 MAX jets, in the same period of 2024. This marked the highest first-half delivery total since 2018, before the 737 MAX crisis began. Boeing also ramped up production of its 787 Dreamliner at its Charleston, South Carolina, plant, increasing output from five to seven aircraft per month. The company anticipates delivering over a dozen delayed 787s, addressing supply-chain bottlenecks that have hampered production. Additionally, Boeing booked 668 orders in the first half of the year, resulting in 625 net orders after cancellations and conversions, with more than 420 commercial jets ordered in the second quarter alone, the strongest quarterly sales since late 2023.
Despite these operational gains, Boeing’s shares fell 4.4% on July 29, 2025, following the earnings announcement. The decline was attributed to lingering concerns over certification delays for the 737 MAX 7, 737 MAX 10, and 777-9 models, which are now not expected until 2026, a setback from earlier projections of completion by the end of 2025. Issues with the 737 MAX models’ engine de-icing systems have proven more complex than anticipated, stalling certification progress. Furthermore, Boeing continues to face challenges from a fragile supply chain and the potential impact of U.S. tariffs on raw materials like steel and aluminum, which could increase costs. The company’s free cash flow usage improved significantly, dropping to $200 million in the second quarter from $4.33 billion a year earlier, beating expectations of $1.72 billion. The defense, space, and security division also returned to profitability, posting an operating profit of $110 million, compared to a $913 million loss in the prior year, bolstered by resumed deliveries of the KC-46 tanker and progress on the MQ-25 refueling drone.
Boeing’s recovery efforts follow a challenging period, including a mid-air panel blowout on a 737 MAX 9 in January 2024, which prompted the U.S. Federal Aviation Administration to cap 737 MAX production at 38 units per month. CEO Kelly Ortberg emphasized the company’s focus on its Safety & Quality Plan, noting stable production since May and plans to seek approval to increase 737 MAX output to 42 units per month when performance metrics allow. Despite the financial and operational progress, Boeing’s path to full recovery remains fraught with challenges, including ongoing regulatory oversight and potential trade disruptions, which continue to weigh on investor confidence.