A Boeing Co. 737 Max airplane at the company’s manufacturing facility in Renton, Washington, US, on Thursday, Nov. 20, 2025.
David Ryder | Bloomberg | Getty Images
Boeing reported a wider-than-expected loss for the second quarter as the aircraft manufacturer’s long-delayed Air Force One program weighed down results.
Boeing took a $280 million loss on the program to deliver two 747s that will serve as the next-generation Air Force One aircraft to the U.S. government as it said it ramped up investment for that plane. It said it still expects the first delivery in 2028.
“While we’re making progress on our development programs, you’re never done until you’re done,” CEO Kelly Ortberg said in a note to staff.
Here’s what the company reported for the second quarter compared with what Wall Street analysts surveyed by LSEG were expecting:
- Loss per share:Â 76 cents adjusted vs. a loss of 30 cents a share expected
- Revenue:Â $24.56 billion vs….