Boeing posts net loss of $355M in 1st quarter

Aircraft maker’s revenue drops 7.5% year-on-year in Q1

By Gokhan Ergocun

ISTANBUL (AA) - US-based aircraft giant Boeing posted a net loss of $355 million in the first quarter of 2024.

In a statement, Boeing said its revenue, including products and service sales, dropped by 7.5% to $16.6 billion year-on-year in the January-March period.

The company's loss from operations totaled $84 million.

The firm's revenues from commercial aircraft sales amounted to $4.65 billion, while defense, space and security earnings totaled $6.95 billion.

Global services' revenues also totaled $5 billion in the three-month period.

The firm delivered 83 commercial aircraft – 67 units of 737, three units of 767 and 13 units of 787 type planes.

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