Summary by Moomoo AI
Boeing reported a net loss of $1.8 billion for Q2 2024, with revenues declining 15% to $16.9 billion compared to $19.8 billion in Q2 2023. The results were significantly impacted by production disruptions following the Alaska Airlines 737-9 accident in January, with Commercial Airplanes segment recording a $715 million operating loss. Total commercial aircraft deliveries dropped to 92 in Q2 from 136 in the same period last year.The company raised $10 billion through a bond offering in May 2024 to strengthen its liquidity position. Defense, Space & Security segment posted a $913 million operating loss, primarily due to $1 billion in charges on fixed-price development programs including KC-46A Tanker and T-7A Red Hawk. Global Services remained profitable with $870 million in operating earnings on revenues of $4.9 billion.Operating cash flow was negative $7.3 billion for the first half...Show More
