Boeing reported a wider-than-expected loss in the second quarter of 2026, primarily impacted by the costly delays in its Air Force One program. The company took a $280 million charge related to the production of two new Boeing 747 aircraft intended to serve as the next-generation Air Force One, a project that remains on track for a 2028 delivery. CEO Kelly Ortberg emphasized in a message to employees that while progress is ongoing, the company is intensifying efforts and resources to ensure the planes are delivered on time, highlighting the importance of meeting the U.S. government's schedule.

Despite the loss, Boeing's total revenue rose by 8% year-over-year to $24.56 billion in the quarter, surpassing analyst expectations. This growth was driven by higher commercial aircraft deliveries, which increased 14% to 171 planes compared to the same period last year. Additionally, the company ramped up production of its popular 737 Max jets, aiming to reach 47 units per month, with further increases planned. Boeing’s free cash flow also improved significantly, generating $631 million compared to an expected cash burn by analysts.

The net loss for the quarter stood at $428 million, or 67 cents per share, marking an improvement from the $612 million loss in the second quarter of 2025. After adjustments for one-time charges, the loss was 76 cents per share, wider than the 30 cents per share loss expected by Wall Street. Ortberg expressed cautious optimism that sustained focus on safety, quality, and operational performance could boost Boeing's competitiveness in the second half of the year.

Looking ahead, Boeing is preparing for certification milestones on other delayed aircraft models, including the 737 Max 7 and the new 777X wide-body airplane. The company will hold an analyst call to address these topics and other pressing questions about the progress and outlook of its key programs. Meanwhile, Boeing continues to navigate challenges related to its military contracts and commercial aircraft production while aiming to improve financial results and maintain its leadership in the aerospace industry.