Boeing posted a larger-than-expected net loss in Q2, mainly due to a $280 million loss on its delayed Air Force One program. The company’s revenue grew 8% to $24.56 billion, driven by increased deliveries of commercial aircraft, including ramped-up production of the 737 Max. Despite the loss, Boeing improved its free cash flow significantly and expects the first Air Force One delivery in 2028. The company is focusing on safety, quality, and on-time performance to boost competitiveness in the second half of the year.
Boeing reported second quarter 2026 revenue of $24.6 billion, an 8% increase driven by higher commercial airplane deliveries. Despite a GAAP loss per share of $0.67, operating cash flow improved to $1.4 billion, and backlog reached a record $715 bill...
US stock futures point to a strong start with Dow Jones up 1.1%, S&P 500 up 0.9%, and Nasdaq up 1.5%, driven by a sharp 6.3% drop in oil prices following a pause in US-Iran military actions. Although no official ceasefire is declared, Iran has agreed...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
Boeing, under CEO Kelly Ortberg, is successfully turning around its business by addressing safety, production, and regulatory issues. In Q1 2026, the company beat earnings and revenue estimates, reduced cash burn by $900 million, and saw a 13% rise i...
At the 2026 Farnborough International Airshow, GE Aerospace announced commitments for about 1,800 engines, highlighted by a record-breaking memorandum of understanding with IndiGo for over 1,000 LEAP-1A engines. The company also reported advances in ...
