Boeing is showing a strong first quarter as it continues its recovery over the past year, writes Lauren Rosenblatt for the Seattle Times.
The company will be affected by large tariffs imposed by President Trump, especially for plane deliveries to China, but Boeing is moving in a positive direction, according to its executives.
The aerospace company was hit hard after a panel blew off a 737 MAX 9 plane in January 2024.
That incident grounded the MAX 9 fleet and brought production at Boeing’s factories nearly to a halt.
Boeing lost $355 million, or 56 cents per share in the first three months of 2024. This year, Boeing lost $31 million, or 16 cents per share, according to financial results released April 23.
It reported $19.5 billion in revenue for the first quarter of 2025, an 18 percent increase from the same time period last year
Boeing has since improved its manufacturing process, part of a change in company culture. CEO Kelly Ortberg said the recovery plan is in “full swing.”
“We can’t claim victory, … but our plan seems to be working,” Ortberg told financial analysts on an April 23 call.
Find out more about Boeing’s financial status and how it will be affected by tariffs in the Seattle Times.
