Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
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US aircraft maker Boeing reported a wider-than-expected Q2 loss Tuesday after booking a $280 million charge tied to its troubled Air Force One replacement program, Reuters reported.The charge reflected higher engineering costs associated with delivering two delayed US presidential aircraft in 2028 and contributed to a second-quarter net loss of $428 million.The aircraft maker’s shares rose 5% in midday trading despite the Q2 loss, as investors focused on improving production and stronger cash f…
