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Boeing posts wider loss than expected as Air Force One costs weigh on results

Boeing reported a wider loss than expected in Q2 due to higher costs associated with the Air Force One program. The company took a $280 million hit on the troubled program. Despite this, Boeing's revenue topped estimates as jet deliveries climbed and cash turned positive.

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Boeing's Q2 loss was larger than expected due to increased Air Force One costs.

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  1. Boeing posts wider loss than expected as Air Force One costs weigh on results

    Boeing reported a wider loss than expected in Q2 due to higher costs associated with the Air Force One program. The company took a $280 million hit on the troubled program. Despite this, Boeing's revenue topped estimates as jet deliveries climbed and cash turned positive.

    What's confirmed:

    • Boeing took a $280 million hit on the Air Force One program.
    • Boeing's Q2 revenue topped estimates as jet deliveries climbed and cash turned positive.
    • The company's loss was larger than expected due to higher Air Force One costs.
    confidence 90%