Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.
The aviation giant reported a loss of $697 million, compared with a loss of $1.4 billion in the year-ago period. Revenues rose 34.9 percent to $22.7 billion, topping analyst estimates.
Boeing delivered the most planes in a second quarter, or in the first half of a year, since 2018, reflecting efforts to improve its quality control operations following a number of safety problems.
Boeing reaffirmed plans to seek in 2025 a production increase for the 737 MAX from the Federal Aviation Administration.
That approval stands as a key goalpost in Boeing's turnaround following a January 2024 Alaska Airlines flight that saw a window