DALLAS — American planemaker Boeing has published its second-quarter results for the current financial year. 

The manufacturer delivered 150 planes during this period, compared to 92 in the same period last year, a 63% increase,  driving revenue up to US$22.7 billion, compared to US$16.6 billion in the same quarter the previous year, a 35% rise.

"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products, and services to our customers," said Kelly Ortberg, Boeing president and chief executive officer.

GAAP Losses

Despite strong growth in deliveries and revenue, Boeing reported a GAAP (Generally Accepted Accounting Principles) loss per share of (US$0.92) and a core (non-GAAP) loss per share of (US$1.24). Operating cash flow stood at US$0.2 billion, while free cash flow (non-GAAP) was negative US$0.2 billion. 

Cash and investments in marketable securities totaled US$23.0 billion, down from US$23.7 billion at the beginning of the quarter, primarily due to debt repayments and free cash flow usage. Total debt stood at US$53.3 billion, slightly lower than the US$53.6 billion reported at the start of the quarter. The company continues to maintain strong liquidity, with US$10.0 billion in undrawn credit facilities.

450+ New Orders

Boeing managed to secure 450+ new aircraft orders during this period, mainly from Qatar Airways (QR) and British Airways (BA). The deal with QR was signed during President Trump’s visit to Qatar. It includes 120 Boeing 787s and 30 Boeing 777-9s, while BA placed an order for 32 Boeing 787-10s. These deals increased Boeing’s backlog to 5,900 commercial aircraft, valued at US$522 billion.

In terms of output, 737 production increased to 38 units per month, and Boeing has requested approval to scale output to 42 units per month further. 787 production also reached seven units per month, reflecting steady operational improvement.