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Boeing Reports $428M Loss, Air Force One Overruns

7/28/2026

47 7 Full Breakdown

Summary

Boeing Reports Loss

Boeing reported a $428 million net loss for Q2 after a $280 million Air Force One charge.
Boeing raised 737 MAX output to 47 jets a month.
CEO Kelly Ortberg warned that reaching 57 jets will need stronger supplier performance for wing assemblies and GE 787 engines.
President Donald Trump accepted a Qatari-donated 747-8 while Boeing continues two $3.9 billion 747-8 Air Force One jets that are late and $1 billion over budget.

Summary

Ortberg Stresses Safety

CEO Kelly Ortberg sent a staff note stressing safety, quality and on-time performance as top priorities.
He told CNBC the Air Force One program remains in design and resources will be added to meet the 2028 delivery target.
Boeing announced a 10:30 a.m. ET analyst call on certification of the 737 Max 10 and 777X.
Security concerns were raised after President Donald Trump's flight on the Qatar-gifted 747-8 following his Turkey trip.

History

Historical Context

After Boeing announced the 747-400 in September 1984, with over 100 orders, and secured its first order from Northwest on 22 October 1985, subcontractor delays pushed the first rollout to January 1988 and caused delivery slips for airline customers. Those early overruns, which later forced GE to speed GE90 production, echo today’s 747-8 Air Force One schedule and cost pressures.

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Boeing Reports Loss

Boeing reported a $428 million net loss for Q2 after a $280 million Air Force One charge.
Boeing raised 737 MAX output to 47 jets a month.
CEO Kelly Ortberg warned that reaching 57 jets will need stronger supplier performance for wing assemblies and GE 787 engines.
President Donald Trump accepted a Qatari-donated 747-8 while Boeing continues two $3.9 billion 747-8 Air Force One jets that are late and $1 billion over budget.

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