Boeing has reported a sharp rise in revenue for the third quarter of 2025, buoyed by its highest commercial aircraft delivery total in seven years, but the US planemaker remained in the red after taking a multi-billion-dollar charge linked to its long-delayed 777X programme.
Quarterly revenue rose 30% year-on-year to $23.3bn, driven by 160 commercial aircraft deliveries — Boeing’s strongest performance since 2018.
However, the company posted a GAAP net loss of $5.3bn, compared with a $6.2bn loss in the same quarter last year. The result was heavily impacted by a $4.9bn charge associated with the certification delay of the 777X widebody jet.
The planemaker recorded a diluted loss per share of $7.14, while operating cash flow reached $1.1bn and free cash flow stood at $238m.
Boeing’s order backlog grew to $636bn, including more than 5,900 commercial aircraft.
Segment performance
Commercial Airplanes revenue climbed 49% to $11.1bn, reflecting the rise in deliveries, although the division posted an operating loss of $5.4bn due to the 777X charge.
The company said production of its best-selling 737 aircraft had stabilised at 38 units per month, with the US Federal Aviation Administration (FAA) approving an increase to 42 per month.
In contrast, Boeing’s Global Services division delivered strong profitability, with revenue up 10% to $5.4bn and operating profit rising to $938m, supported by favourable market conditions and a robust 17.5% operating margin.
Despite the ongoing challenges, Boeing said its cash generation and delivery rates were improving, and it remained focused on executing its recovery plan and advancing certification work on the 777X and 737 MAX 10 programmes.
Kelly Ortberg, Boeing president and chief executive officer said: “With a sustained focus on safety and quality, we achieved important milestones in our recovery as we generated positive free cash flow in the quarter and jointly agreed with the FAA in October to increase 737 production to 42 per month.
“While we are disappointed in the 777X schedule delay, the airplane continues to perform well in flight testing, and we remain focused on the work ahead to complete our development programs and stabilize our operations in order to fully recover our company’s performance and restore trust with all of our stakeholders.”
