The results of the Boeing Q2 dominated expectations with the decrease in the costs of the aircraft maker

Boeing (BaThe profits of the second quarter stated on Tuesday that the expectations and moved to Tide of Cash Burn, which has plagued the company since early last year, as CEO Kelly Ordberg continued to turn it into the besieged Jet Jet maker.

Boeing recorded revenues of $ 22.7 billion for $ 21.68 billion, and they expected, according to Bloomberg data, a 35 % joke compared to last year. Last year, the company was soaked in slowing production caused by Gabes for Alaska Airlines 737 Max Jet.

The company recorded a modified loss per share of $ 1.24, less than the expectations of $ 1.40, while its operational loss amounted to 176 million dollars, deeper than 161.1 million dollars expected.

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More importantly, Boeing’s cash burning was reduced to $ 200 million during this quarter, and an enormous improvement of the burning of the money of $ 2.3 billion in the last quarter and $ 4.3 billion in the same quarter of last year.

At the Collective Analyst Conference, the Boeing CEO said that the Q3 cash flow will be similar to the Q2, with the exception of the Ministry of Justice’s payments to settle lawsuits. In an interview with CNBC, Ortberg added that he is confident that the company would end from the fourth quarter with a positive cash flow.

“With the beginning of the second half of the year, we move in the right direction and before the place where I believed that we would be in our recovery,” Orberg said in a memo to the employees. “If we continue to address the important work that awaits us and focus on safety, quality and stability, we can move in the dynamic global environment and make our year in 2025.”

Boeing rose more than 2 % after the open, but it was embellished in the middle of the day.

Boeing, which was once the largest plane maker in the world, was in the process of turning her business in the aftermath of the 2024 catastrophic, which began to detonate the plot of the door mentioned above in January. Issues with the systems of spirit supplied to them (SPR) And the various complaints of the violations arising from both the production of 737 Max Jet and Widebody 787 Dreamliner in the end, CEO Dave Calhoun cost its function, with Kelly Ortberg The new CEO was named in late July It begins on August 8.

Ortberg started its plan intentionally, which slowed the production of Boeing aircraft to put production problems and slowly enhance production in conjunction with FAA organizations.

Earlier this month, Boeing announced that commercial delivery operations amounted to 150 Jets compared to 130 were delivered in the first quarter and 92 that were delivered in the previous quarter. Among the deliveries Q2, 102 737 Max Jets (compared to 69 was delivered a year ago), 24 of 787s (nine last year), 13 of 777s (seven last year), and nine of 767s (six last year).