SAN FRANCISCO, July 28 (Xinhua) -- The Boeing Company reported on Tuesday a second-quarter revenue of 24.56 billion U.S. dollars, an 8-percent increase year on year, while its quarterly net loss narrowed to 428 million dollars.
The company recorded a GAAP loss per share of 0.67 dollars, an operating cash flow of 1.364 billion dollars, and free cash flow of 631 million dollars.
The results primarily reflect higher commercial airplane deliveries and favorable working capital, according to Boeing. The company's total backlog grew to a record 715 billion dollars, including more than 6,200 commercial airplanes.
Boeing's Commercial Airplanes business posted second-quarter revenue of 11.75 billion dollars with an operating margin of minus 2.7 percent, primarily reflecting higher deliveries, a favorable product mix, improved performance and other adjustments.
The company delivered 171 commercial airplanes during the quarter, the highest quarterly total since 2018, compared with 150 a year earlier. Commercial Airplanes booked 246 net orders, the company said.
During the quarter, Boeing's 737 program began transitioning production to a rate of 47 airplanes per month. Certification flight testing for both 737-7 and 737-10 has been completed, with the company continuing to expect certification in 2026 and first deliveries in 2027. The 777X program also received approval from the U.S. Federal Aviation Administration to begin certification flight testing.
"I'm very pleased with the progress our team is making as we execute our plan. Our operations are more stable and key certification programs remain on plan," Boeing President and Chief Executive Officer Kelly Ortberg said.
"Our focus has been on restoring trust and we are now building on that through a sustained focus on safety, quality, and on-time performance," he said. "While there is more work ahead in the second half of the year, the momentum we are building continues to move Boeing in the right direction." ■