Boeing CEO Says 737 Production Progress Is Not Linear

Key takeaways

• Boeing’s earnings miss and slower 737 ramp raise short‑term concerns, but progress on certification and cash‑flow targets offer a more optimistic outlook for the future.
• Adjusted loss $0.34 per share
• Revenue $24.19 billion
• 737 production target 47 jets/month

What happened

Boeing Co. (NYSE: BA) reported a wider‑than‑expected adjusted loss of $0.34 per share on revenue of $24.19 billion, and said its 737 production ramp is slower than planned. The company’s 737‑MAX production target of 47 jets per month is taking longer to achieve, pushing the next rate‑increase milestone (rate 52) to the back half of 2027. Boeing also highlighted progress on the 777‑9 certification and projected free cash flow of $2 billion in 2026, $3 billion in 2027 and $6 billion in 2028.

Why it matters

The earnings miss and production slowdown dent investor confidence and could reduce 737 deliveries below the 500‑unit target for the year. Slower ramping also delays revenue growth and may affect Boeing’s ability to meet its free‑cash‑flow goals. The company’s comments on certification progress and cash‑flow outlook…

Short-term and longer-term

Short-term. In the next few days, watch for any updates on 737 delivery numbers and the timing of the rate‑52 milestone.

Longer-term. Over the coming months, the company’s focus on production stability and certification experience may improve long‑term earnings prospects.