Boeing Revenue Jumps on Deliveries as Losses Narrow and Backlog Hits Record
Boeing reported a 14% year-on-year increase in first-quarter revenue to $22.2 billion, driven primarily by higher commercial aircraft deliveries, while its net loss narrowed significantly and total backlog surged to a record $695 billion. The company delivered 143 commercial aircraft during the quarter, up 10% from a year earlier, supporting improved operating cash flow, although free cash flow remained negative at $1.5 billion. Boeing posted a GAAP loss per share of $0.11, improving from a $0.16 loss ...