Boeing Loses More Than Expected as Air Force One Costs Mount

Revenue climbed 8% to $24.56 billion, buoyed by a 14% increase in commercial aircraft deliveries. Boeing delivered 171 planes during the quarter, signaling a push to stabilize production of the 737 Max toward a target of 47 units per month. Despite the bottom-line miss, the company generated $631 million in free cash flow, significantly outperforming analyst expectations of a $177 million cash burn.

CEO Kelly Ortberg described the results as a work in progress, emphasizing a shift toward safety and long-term quality over immediate financial milestones. The company now faces critical certification hurdles for the 737 Max 7, Max 10, and the 777X wide-body jet. Investors are expected to press management on these timelines during the upcoming analyst call, as Boeing attempts to recover from years of manufacturing delays and regulatory scrutiny.