Boeing CEO Kelly Ortberg’s aggressive turnaround plan announced in early 2026 appears to be taking hold, as the Arlington, Virginia-based aerospace manufacturer reduced its net loss by 77 percent in the quarter ended March 31.
Boeing on April 22 reported a net loss of $7 million in the first quarter versus a net loss of $31 million in the same quarter of 2025.
While Boeing is still burning through cash, the net cash outflow was $1.45 billion in the first three months of 2026—a slower pace than the $2.29 billion recorded in the first quarter of 2025.
“We’re building on our momentum with a strong start to the year and growing record-breaking backlog across our business, while supporting our customers with inspiring missions like Artemis II,” Kelly Ortberg, Boeing president and CEO, said in a statement….