On July 31, 2024, Boeing reported its financial results for the second quarter of 2024, revealing a revenue of $16.9 billion and a GAAP loss per share of ($2.33). The core (non-GAAP) loss per share was ($2.90), with an operating cash flow of ($3.9) billion and free cash flow of ($4.3) billion. The results were primarily affected by lower commercial delivery volumes and losses on fixed-price defense development programs. Boeing's total company backlog stood at $516 billion, including over 5,400 commercial airplanes. The quarter also saw Boeing submit a comprehensive safety and quality plan to the FAA and announce an agreement to acquire Spirit AeroSystems, expected to close in mid-2025. Despite the challenging quarter, Boeing's CEO Dave Calhoun expressed commitment to the company's recovery and...Show More

On July 31, 2024, Boeing reported its financial results for the second quarter of 2024, revealing a revenue of $16.9 billion and a GAAP loss per share of ($2.33). The core (non-GAAP) loss per share was ($2.90), with an operating cash flow of ($3.9) billion and free cash flow of ($4.3) billion. The results were primarily affected by lower commercial delivery volumes and losses on fixed-price defense development programs. Boeing's total company backlog stood at $516 billion, including over 5,400 commercial airplanes. The quarter also saw Boeing submit a comprehensive safety and quality plan to the FAA and announce an agreement to acquire Spirit AeroSystems, expected to close in mid-2025. Despite the challenging quarter, Boeing's CEO Dave Calhoun expressed commitment to the company's recovery and future positioning. The company's debt increased to $57.9 billion due to new debt issuance, while cash and marketable securities totaled $12.6 billion. Segment results showed a decline in Commercial Airplanes revenue and operating margin, while Defense, Space & Security faced losses on fixed-price development programs. Global Services, however, reported a slight increase in revenue and operating margin.