The Globe and Mail reports in its Wednesday edition that Boeing posted a larger-than-expected quarterly loss on Tuesday after taking a $280-million charge on its troubled Air Force One replacement program, but generated positive free cash flow as its turnaround plans gained momentum (all figures U.S.).
A Reuters dispatch to The Globe says Boeing took the charge owing to higher engineering costs to ensure it delivers the two delayed U.S. presidential plane replacements in 2028, contributing to a $428-million net loss for the second quarter.
Despite the charge and larger-than-expected loss, Boeing's share price rose by 4.9 per cent in midday trading, as investors appeared to respond to Boeing's steady, continued progress in improving production and its increased free cash flow in the quarter.
The core loss per share of 76 cents was worse than analysts' average expected loss per share of 30 cents, though narrower than the $1.24 per share core loss in the same period last year.
Boeing recorded $631-million of free cash flow, compared with a negative $200-million during the second quarter of 2025. The cash flow bump was owing in part to higher customer payments than anticipated, according to the company.
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