Boeing's Q2 losses narrowed as deliveries increased and operations stabilized.

American aviation giant Boeing Co. released its financial report on the 29th, pointing out that the company's losses narrowed in the second quarter due to an increase in aircraft deliveries; Boeing's CEO said that signs of stability have appeared in operations.

Boeing reported a loss of $697 million in the second quarter, compared with a loss of $1.4 billion in the same period last year. Revenue rose 34.9% to $22.7 billion in the second quarter, beating analysts' expectations.

Boeing's deliveries in the second quarter, or first half of this year, were the highest since 2018, reflecting its focus on improving quality control operations after a series of safety issues.

Boeing reiterated its plan to obtain approval from U.S. regulators to increase production of the 737 MAX this year.

Obtaining approval from the Federal Aviation Administration (FAA) after a cabin window fell off an Alaska Airlines Boeing aircraft during flight in January 2024 is seen as a key goal for Boeing in its pursuit of a turnaround.

Chief Executive Kelly Ortberg, who joined Boeing last August, said he was encouraged by the company's progress but said much work remained to be done.

"It's like turning a giant ship," Ortberg said on a conference call with analysts. "I think we're turning. I don't think we've turned yet. We still have a lot of work to do."

Boeing has previously said it expects to turn cash flow positive in the second half of 2025.

Boeing has been losing money for the past six years, first hit hard by the two MAX crashes and then the economic downturn during the epidemic.