Charticle - Boeing Revenue
Boeing today filed its latest quarterly report , which was awful, although everyone knew it would be awful; so let’s instead quantify the extent of the awfulness in chart form. The headlines are that Boeing ($BA) reported a $6.2 billion loss on the quarter, compared to a $1.6 billion loss from the year-ago period. Operating cash flow also turned negative, which is why new CEO Kelly Ortberg recently said the company will likely shell shares and take on new debt to raise $25 billion in new capital. Lord knows the company needs it. That said, Boeing is not solely a maker of commercial aircraft. The company is also one of the world’s largest defense contractors and a provider of aviation services. So how are each of those operating segments performing lately? Figure 1, below, tells the tale. As you can see, the commercial aircraft segment is certainly down from prior periods — but that’s largely driven by a surge in revenue from late 2022 into 2023, which was a rebound from terrible...