Boeing Reports Smaller Q2 Loss and Surpasses Revenue Expectations

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Boeing Reports Smaller Q2 Loss and Surpasses Revenue Expectations
Photo: Thibault Camus/AP/TT

American aircraft manufacturer Boeing is doing better than expected and reports an adjusted loss of $1.24 per share for the second quarter, which was better than the expected $1.48, reports CNBC.

Revenues landed at $22.75 billion, also higher than analysts' expectations of $21.8 billion.

The reduced loss has been achieved thanks to the fact that they have managed to increase sales and delivered the highest number of aircraft since 2018.

"Changes take time, but we are starting to see a difference in our results across the entire business," said CEO Kelly Ortberg in a message to employees where he outlined the improvements in Boeing's operations.

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