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Boeing Narrows Losses, Expects 737 Max Certifications This Year

Boeing reported a quarter with improved financials, narrowing its net loss to $7 million and achieving $22.22 billion in sales. The company announced a major order from Alaska Airlines for 105 737 MAX 10s and five 787-10 Dreamliners. Operationally, the commercial aircraft unit delivered 143 planes, a 10% increase year-over-year. Crucially, Boeing maintained its expectation of receiving certifications for the 737 Max 7 and Max 10 later this year, with deliveries slated for 2027. The defense and services divisions also reported revenue increases during the period.

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Boeing Narrows Losses, Expects 737 Max Certifications This Year

Boeing reported a narrowing net loss for the first quarter and announced a significant order from Alaska Airlines, while maintaining expectations for key 737 Max certifications later this year.

Q1 Financial Performance Highlights

Boeing's first-quarter results showed improvements across its divisions, helping the manufacturer mitigate years of financial setbacks. Key financial metrics compared to analyst estimates include:

  • Revenue: Sales reached $22.22 billion in the first three months, surpassing the expected $21.78 billion, marking a 14% increase.
  • Net Loss: The net loss for the quarter narrowed to $7 million (or 11 cents per share), significantly improving from the $31 million loss reported a year prior.
  • Adjusted Loss: After adjusting for one-time items, the company posted a loss of 20 cents per share, compared to the 83 cents loss anticipated by analysts.

Major Orders and Deliveries

In a notable development, Boeing CEO Kelly Ortberg announced a substantial order from Alaska Airlines. This order includes:

  • 105 units of the 737 MAX 10.
  • Five units of the 787-10 Dreamliner.
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Furthermore, the commercial aircraft unit reported strong delivery figures for the quarter:

  • Deliveries: 143 airplanes were handed over in Q1, representing a 10% increase year-over-year.
  • Commercial Revenue: This unit generated $9.2 billion in revenue, a 13% rise, although it still reported an operational loss.

Certification and Production Outlook

Boeing reaffirmed its commitment to the 737 MAX family, stating it still anticipates receiving certifications for the long-delayed 737 Max 7 and Max 10 later this year. Deliveries for these models are projected to commence in 2027.

Production efforts are intensifying, with 737 MAX rollouts currently at approximately 42 units per month. Any further increases in production volume are contingent upon approval from the Federal Aviation Administration (FAA), a requirement heightened following the January 2024 fuselage door plug incident.

Divisional Revenue Growth

Beyond commercial aviation, other segments of the business showed growth:

  • Defense Business: Revenue increased by 21%, reaching $7.6 billion.
  • Services Business: Revenue grew by 6% from 2025 to $5.37 billion in the first quarter.
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