Boeing slips to Q2 loss but ramping up 737 production

by | Jul 26, 2023

(Sharecast News) – Boeing beat analyst forecasts for the second quarter as commercial aircraft deliveries drove revenues on the back of increased production, although losses in the defence and space operations pushed the company into a loss.

Boeing added that it planned to move to higher production of its Max aircraft to 38 a month from 31 and reiterated its 737 delivery forecast of 400 – 450 planes this year.

The defense, space and security unit reported a loss of $527m for the quarter, down from a profit a year ago.

Boeing’s $149m loss compared with net income of $160m. Revenue rose 18% to $19.75bn, more than the $18.59bn analysts expected.

Reporting by Frank Prenesti for

Related articles

Ryanair passenger numbers jump 9% in December

Ryanair passenger numbers jump 9% in December

(Sharecast News) - Budget airline Ryanair reported a 9% jump in December passenger numbers on Wednesday. Traffic rose to 12.54 million from 11.52m in the same month a year earlier, while the load factor - which gauges how full the planes are - ticked down to 91% from...

Wizz Are passenger numbers soar in December

Wizz Are passenger numbers soar in December

(Sharecast News) - Hungary-based budget airline Wizz Air reported a strong rise in December passenger numbers as demand continued to rebound from the Covid pandemic. The company on Wednesday said it carried 4,964,857 passengers, an 18.8% increase year on year. For the...

Trending stories

Join our mailing list

Subscribe to our mailing list to receive regular updates!