By Sharon Terlep
Boeing's commercial plane deliveries for the second quarter hit the highest quarterly level since 2023, a promising sign for CEO Kelly Ortberg's efforts to turn around the beleaguered plane maker.
The aerospace giant said it delivered 60 planes to customers in June, bringing second-quarter deliveries to 150, the highest since a door plug blew out on an Alaska Airlines flight and drew new scrutiny on the company's manufacturing operations. Boeing has struggled to return to normal production levels for years, challenged by the fallout from a pair of MAX jet crashes in 2018 and 2019, the Covid-19 pandemic and other issues.
Boeing hasn't yet reached the production targets Ortberg says are necessary to end years of cash burn. A chunk of the latest deliveries were already-built planes that were shipped to customers in China after being rejected earlier this year amid the nation's trade war with the U.S.
But they are a good sign for Boeing, and come after the company reported better-than-expected financial results for the first quarter.
"Our recovery plan is in full swing and showing signs that it's being effective," Ortberg said in a call this spring with Wall Street analysts. The company is set to announce second-quarter financial results later this month.
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(END) Dow Jones Newswires
July 08, 2025 11:14 ET (15:14 GMT)
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