Boeing shares rose nearly 5% in intraday trading on July 28 after the company reported second-quarter 2026 results that included a $280 million pre-tax charge on its fixed-price VC-25B Air Force One program, which pushed the company to a net loss of $428 million. Excluding that charge, operational performance improved significantly, with the core loss narrowing to $0.76 per share from $1.24 a year earlier, while total revenue grew 8% to $24.56 billion and free cash flow turned positive at $631 million. The Air Force One program, originally signed in 2018 for $3.9 billion, is now about four years behind schedule and more than $1 billion over budget, with a revised delivery target of 2028. Investors focused instead on commercial production gains, including the start of a fourth 737 MAX assembly line in Everett, Washington, and increased capital spending on 787 widebody capacity. Hedge fund holdings remained relatively strong at 99 funds in the first quarter, and short interest was low at 1.86% of outstanding shares.
The Boeing CompanyQ2 results beat on core loss and revenue despite Air Force One charge