Boeing reports small quarterly loss, confirms 2025 plane output targets

New York: Boeing reported a smaller than expected quarterly loss Wednesday, while confirming targets to raise commercial plane production as it bolste...

New York: Boeing reported a smaller than expected quarterly loss Wednesday, while confirming targets to raise commercial plane production as it bolsters its safety efforts following major incidents.

The aviation giant reported a loss of $123 million in the first quarter, smaller than the $343 million loss in the year-ago period. Revenues rose 18 percent to $19.5 billion.

Amid questions over how impacted the major American manufacturer will be impacted by the broiling US-China trade war, Boeing said simply that its results "reflect only tariffs enacted as of March 31."

The company has thus far declined to comment on a report that Beijing ordered Chinese airlines not to take further deliveries of Boeing jets, after the tit-for-tat tariff escalation kicked off by President Donald Trump in early April.

Chief Executive Kelly Ortberg said the results showed Boeing is "moving in the right direction," according to an earnings press release.