Growing Order Backlog Signals Continued Confidence

The Boeing Company released its first quarter report for 2025 that showed an 18% increase in revenue to $19.5 billion from $16.57 billion for Q1 2024, primarily representing a nearly 60% increase in deliveries of 130 commercial aircraft.

Net loss for the company was $31 million compared to $355 million in 2024, reflecting improved operational performance and efficiency across all segments.

Kelly Ortberg, President and CEO, noted in an interview that the report showed a cash burn of ($2.3) billion, significantly better than the almost ($4) billion in Q1 2024 and is optimistic that the company is on track to generate cash in the second half of the year.

The Commercial Airplanes division posted revenues of $8.1 billion with a loss of (6.6%), a significant improvement over the (24.6%) loss over the same period last year. The division booked a net 221 aircraft orders, growing its backlog to over 5,600 commercial aircraft valued at $460 billion, providing some stability during uncertain times in the market.

Boeing’s 737 program gradually increased production during the quarter and is on track to achieve 38 aircraft per month by the end  of the year. Ortberg indicated that he is preparing to request approval from the FAA to increase production to 42 aircraft per month later in 2025.

The company’s 787 Dreamliner production was stable at five per month looking to bump that up to seven during this year. In the meantime, the 777X program has begun expanded flight testing for FAA certification in keeping with the plan to deliver the first 777-9 aircraft in 2026.

The Defense, Space & Security segment reported $6.3 billion in Q1 revenue and a 2.5% profit, a slight improvement over the previous year’s 2.2%. A huge development for the segment was Air Force’s selection of Boeing to design, build, and deliver the F-47 for the Next Generation Air Dominance fighter aircraft.

Ortberg said, “Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality. We continue to execute our plan, are seeing early positive results, and remain committed to making the fundamental changes needed to fully recover the company’s performance while navigating the current environment.”

FMI:  www.boeing.com/