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New Delhi: Amid the controversy that surrounds Boeing, the aircraft maker has come up with its quarterly results, beating all forecasts about its financial performance. The company, in its quarterly results (Q2, CY25), reported a revenue of $22.7 billion, topping the figure of $21.68 billion that the analyst had forecasted earlier. The company follows the calendar year as its financial year.
The latest revenue figure is 35 percent higher than the revenue earned in the corresponding quarter of the year-ago period. The higher revenue figure is attributed to the 150 commercial plane deliveries in the quarter ending in June. The second-quarter results have witnessed lesser loss while simultaneously increasing the revenue of the company.
In the latest quarterly results, it lost $611 million, or 92 cents per share, as against the $1.44 billion, or $2.33 per share, it lost in the corresponding quarter of the previous fiscal year. The company witnessed a slowdown in its production following the door plug blowout of an Alaska Airlines 737 Max jet, as the slowdown occurred in the company.
Secondly, Boeing's cash burn rate has gone down, as it was cut to $200 million for the said quarter, a significant improvement from the $2.3 billion cash burn the company has seen in the last quarter. The figure was even higher in the same quarter of the last year period, inching to $4.3 billion.
Boeing is currently mired in controversy following the Ahmedabad plane crash that is one of the deadliest air crashes in aviation history, killing at least 270 people, that the company manufacturer is involved in. Additionally, its Boeing 737 Dreamliner is creating all the problems, as the same model crashed twice earlier in Indonesia and another one in Ethiopia, killing 346 people combined.
