Boeing reports first quarterly loss since 2009 in 2Q2016

Boeing revenue up 1% - financial highlights:

• Three months ended 30-Jun-2016:
• • Revenue: USD24,755 million, +0.9% year-on-year;
  • • Commercial Airplanes: USD31,855 million, -1%;
  • Operating profit (loss): (USD419 million), compared to a profit of USD1623 million in p-c-p;
  • • Commercial Airplanes: USD60 million, -98%;
  • Aircraft deliveries:
  • • Commercial Airplanes: 375, -2%;
  • Net profit (loss): (USD234 million), compared to a profit of USD1110 million in p-c-p;
• Six months ended 30-Jun-2016:
• • Revenue: USD47,387 million, +1.5%;
  • • Commercial Airplanes: USD17,456 million, +3%;
  • Operating profit (loss): USD1369 million, -63.0%;
  • • Commercial Airplanes: (USD973 million), compared to a profit of USD1206 million in p-c-p;
  • Aircraft deliveries:
  • • Commercial Airplanes: 199, +1%;
  • Net profit: USD985 million, -59.7%;
  • Total assets: USD89,609 million;
  • Cash and cash equivalents: USD8605 million;
  • Total liabilities: USD88,962 million. [more - original PR]

Boeing: "As we look forward to the second half of the year, we anticipate continued strong operating performance across our production and services programs on generally healthy demand for our broad portfolio of market-leading offerings. Our commercial airplane development programs remain on track and we have successfully completed the flight testing required for customer approval of key KC-46 production milestones," Dennis Muilenburg, Chairman, President and CEO. Source: Company statement, 27-Jul-2016.