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International Business Times

Business

Boeing Reports Smaller Loss, Sees More 'Stability' In Operations

Boeing Kelly Ortberg

Boeing CEO Kelly Ortberg reaffirmed plans to request a production increase for the 737 MAX after raising output to 38 per month in the second quarter (Credit: AFP)

Boeing reported a smaller loss in the second quarter Tuesday after the company delivered more planes, with its CEO pointing to signs of stabilization in operations.

The aviation giant reported a loss of $697 million, compared with a loss of $1.4 billion in the year-ago period. Revenues rose 34.9 percent to $22.7 billion, topping analyst estimates.

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