Boeing Stock Rises on Q1 Results; Losses Narrow & Co. Will Seek FAA Approval to Increase 737 Production
Boeing’s 1Q loss narrowed to $31 million and it burned less cash than analysts expected.
(Arlington County, Virigina) Boeing (NYSE: BA) reported earnings with a first-quarter net loss of $31 million this morning, an improvement from a loss of $355 million one year earlier and revenue that rose 18% to $19.5 billion, slightly ahead of analysts’ estimates, per CNBC.
Photo of Boeing employees celebrating the first 737 MAX 7 during an event at the company’s factory in Renton, Washington courtesy of Boeing.
The earnings report can be found here.
Boeing 1Q25 performance vs. analyst estimates (survey by LSEG), per CNBC:
- Loss per share: 49 cents adjusted vs. $1.29 loss expected
- Revenue: $19.5 billion vs. $19.45 billion expected
Boeing CEO Kelly Ortberg said on the call that the company is preparing to ask the Federal Aviation Administration (FAA) for approval to ramp up production of its 737 Max jets to 42 a month later this year.
Airplane deliveries picked up, and Boeing’s cash burn of about $2.3 billion was an improvement over the $4 billion it burned in 1Q2024.
Ortberg told CNBC’s “Squawk on the Street” that the company is on track to generate cash in the second half of the year.
After gaining about 6% in premarket trading, Boeing shares are currently up ~ 6.30% at $172.76 as of 9.44 am ET.
Today’s results include only the impact of global tariffs as of March 31, according to the company. Executives will answer questions about tariffs on a 10.30am call, according to CNBC.
Yesterday (Apr. 22), Boeing announced that it was selling parts of its digital aviation solutions business – including its Jeppesen unit – to Thoma Bravo for $10.6 billion.
** Not investment advice; neither the The FLY Report nor FLYJETS is not a registered investment advisor.
