Is Boeing struggling financially?

Hefty defense and space write-offs Boeing lost $149 million in the second quarter, or 25 cents per share, on revenue of $19.8 billion. That's down from a profit of $160 million in the same period last year, which was the last time Boeing showed a profit.



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The company generated $2.6 billion of free cash flow in the second quarter, ahead of analyst forecasts, and reiterated its full-year guidance of between $3 billion and $5 billion of free cash flow. Boeing shares surged nearly 9% to end the day at $232.80, the stock's highest closing price since November 2021.

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For the first quarter of 2022, Airbus had earnings of €1.26 billion ($1.34 billion) while Boeing lost $1.22 billion. Airbus reported total revenue of €12 billion ($12.7 billion) compared to Boeing's $14 billion.

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For much of the 20th century, Boeing's airplanes were the envy of the global aviation industry. In 2019, however, Boeing's reputation suffered immensely after two of the company's 737 MAX planes crashed within five months of each other, killing 346 people.

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Boeing shares have tumbled more than 6% after the US plane-maker disclosed a manufacturing issue affecting its 737 Max planes. The aviation giant said a supplier had revealed that the installation of fittings on the rear of the planes did not follow the standard.

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Boeing Total Long Term Debt (Quarterly): 52.27B for Sept. 30, 2023.

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Boeing gross profit for the twelve months ending June 30, 2023 was $4.911B, a 190.08% increase year-over-year. Boeing annual gross profit for 2022 was $3.53B, a 15.78% increase from 2021. Boeing annual gross profit for 2021 was $3.049B, a 154.04% decline from 2020.

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Boeing CEO & Leadership Dave Calhoun's employees rank Boeing in the Top 30% for Compensation, in the Top 35% for Perks And Benefits, and in the Top 50% for Happiness.

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Airbus emphasizes commonality across its aircraft models, meaning that pilots can more easily transition between different Airbus aircraft. This approach benefits airlines by reducing training time and costs. Boeing's aircraft, in contrast, have more variation in cockpit design and systems.

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China is considering a commitment to buy 737 jets, the report said. However, discussions are still underway. President Xi is not expected to announce the formal order. Boeing hasn't made significant sales in China since 2018 after the 737 was grounded following two crashes.

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