Boeing seeks FAA approval for expanded 737 MAX production after Q1 results

Boeing recently released its first-quarter financial results for 2025, showing promising momentum and progress despite ongoing challenges. The aerospace giant reported total revenue of $19.5 billion, a notable 18% increase from the same period in 2024. This growth was primarily fueled by higher commercial airplane deliveries.

During the first quarter, Boeing recorded 130 commercial airplane deliveries, which contributed to the positive revenue figures. The company also reported a significant improvement in its net loss, which narrowed to $31 million compared to $355 million in the previous year. These results reflect enhanced operational performance across various business segments.

The Commercial Airplanes division of Boeing saw revenue of $8.1 billion with an operating margin of (6.6%), a substantial improvement from the (24.6%) margin reported in the same quarter of 2024. Notably, the company’s 737 program has been gradually ramping up production with plans to increase to 38 aircraft per month by the end of the year. CEO Kelly Ortberg also mentioned preparations to seek FAA approval for further production expansion to 42 aircraft monthly later in 2025.

Boeing’s 787 Dreamliner program maintained steady production at five aircraft per month, with intentions to scale up to seven monthly by the end of the year. Similarly, the 777X program progressed with expanded FAA certification flight testing, indicating progress towards the first 777-9 delivery in 2026.

In the Defense, Space & Security segment, revenue totaled $6.3 billion during the first quarter, with an operating margin of 2.5%, slightly higher than the previous year. Boeing’s collaboration with the U.S. Air Force on the next-generation fighter aircraft, F-47, marked a significant highlight during this period.

Global Services maintained robust performance, generating $5.1 billion in revenue with an operating margin of 18.6%. Notable achievements included delivering the 100th 767-300 Boeing Converted Freighter to SF Airlines and securing a modification contract from the U.S. Air Force for electronic warfare systems integration on the F-15 Eagle.

Boeing ended the first quarter with cash and investments totaling $23.7 billion, backed by $10 billion in undrawn credit facilities. The company’s total debt slightly decreased to $53.6 billion, and commercial airplanes booked 221 net orders, positioning Boeing strongly with a backlog of over 5,600 commercial airplanes valued at $460 billion.

While global trade challenges may pose potential obstacles due to ongoing trade tensions, Boeing remains optimistic about its future outlook. Recent initiatives, such as the agreement to sell portions of its Digital Aviation Solutions business, reinforce the company’s commitment to adapting to market demands. Overall, Boeing is on a positive trajectory, focusing on safety, quality, and operational excellence to navigate the current landscape successfully.