01:03 PM EDT, 07/29/2025 (MT Newswires) -- Boeing's ( BA ) second-quarter loss narrowed more than Wall Street's estimates amid its efforts to improve operations, while revenue topped expectations, buoyed by a jump in the commercial planes segment.
The plane maker on Tuesday reported a core per-share loss of $1.24 in the June quarter, compared with a $2.90 loss a year earlier. The FactSet-polled consensus was for a $1.40 loss. Revenue jumped 35% to $22.75 billion, ahead of the Street's view for $22.12 billion.
"Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations," Chief Executive Kelly Ortberg said in a statement.
Commercial airplane segment revenue surged 81% year over year to $10.87 billion in the second quarter, while operational loss contracted amid higher deliveries. Boeing ( BA ) delivered 150 commercial planes in the quarter, up from 92 a year earlier.
Boeing's ( BA ) 737 model program increased production to 38 planes a month in the second quarter, with the company aiming to stabilize at that rate before seeking approval to hike output to 42 planes later this year. The 787 program is now producing seven jets per month, the company said.
Revenue in the defense, space and security division improved to $6.62 billion in the second quarter from $6.02 billion a year earlier, while the division swung to operational earnings. Global services revenue advanced 8% to $5.28 billion, while earnings from operations climbed 21%.
Free cash flow was a $200 million usage in the quarter, Chief Financial Officer Brian West said on an earnings call, according to a FactSet transcript. For the ongoing quarter, the company expects free cash flow to be "more or less in line" with the June quarter usage, before any impact from a potential one-time US Department of Justice payment, according to West. "That sets us up for positive free cash flow in the fourth quarter."
The company's shares were down 2.9% in Tuesday afternoon trade. The stock has jumped nearly 30% so far this year.
"While we continue to manage through a dynamic environment, we're certainly encouraged with the very recent trade deals," Ortberg said on the call. "We continue to simultaneously monitor policy developments while mitigating the potential impacts of tariffs."
The US and the European Union recently announced a trade deal, under which the bloc agreed on a 15% tariff on its exports, including automobiles. The deal followed last week's announcement by US President Donald Trump of trade agreements with Japan, the Philippines and Indonesia.
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