The Boeing Company revealed on Wednesday an 18% surge in its revenue for the first quarter of fiscal 2025 to $19.4 billion. The growth is attributed to a steady rise in jet production and deliveries. During this period, Boeing reported delivering 156 commercial planes and 26 jets for its Defense, Space, and Security divisions.
Boeing's net loss narrowed significantly in the first quarter of fiscal 2025, decreasing from $355 million to $31 million. Basic loss per share stood at $0.16. Although operating cash flow remained negative at $1.6 billion, the company managed to reduce this figure by approximately 52% compared to the last three months of the fiscal 2024.
President and CEO Kelly Ortberg highlighted that the improved operational performance and focus on safety and quality were beginning to yield results. "We continue to execute our plan and are seeing early positive results," Ortberg said, underscoring Boeing's resilience in a market challenged by trade tensions and supply chain pressures. The company is maintaining its production goals for the year, aiming to hit 38 units per month for the 737 program.
Boeing's shares jumped 5% after the report's publication in premarket in New York.
