Company: BA
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-047023
Chunk: 18

Company: BOEING CO
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 3
Chunk 18
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 Financial Condition

Commercial Airplanes

Results of Operations

(Dollars in millions)Nine months ended September 30Three months ended September 302025202420252024Revenues$30,115$18,099$11,094 $7,443 Loss from operations($6,447)($5,879)($5,353)($4,021)Operating margins(21.4)%(32.5)%(48.3)%(54.0)%

Revenues

BCA revenues increased by $12,016 million for the nine months ended September 30, 2025, compared with the same period in 2024 primarily due to higher deliveries across all programs and the absence of 737-9 customer considerations. BCA revenues increased by $3,651 million for the three months ended September 30, 2025, compared with the same period in 2024 primarily due to higher deliveries.

Commercial airplane deliveries, including intercompany deliveries, were as follows:

737 *767 *777 787 TotalDeliveries during the first nine months of 2025330 (5)20 (10)29 61 440 Deliveries during the first nine months of 2024229 (4)15 (7)11 36 291 Deliveries during the third quarter of 2025121 (2)6 (3)9 24 160 Deliveries during the third quarter of 202492 (2)6 (2)4 14 116 Cumulative deliveries as of 9/30/20259,123 1,341 1,770 1,222 Cumulative deliveries as of 12/31/20248,793 1,321 1,741 1,161 

* Intercompany deliveries identified by parentheses.

Loss From Operations

BCA loss from operations was $6,447 million for the nine months ended September 30, 2025, compared with $5,879 million in the same period in 2024 reflecting a higher reach-forward loss on the 777X program and lower program margins, partially offset by higher deliveries, the absence of 737-9 customer considerations and lower abnormal costs. BCA loss from operations was $5,353 million for the three months ended September 30, 2025, compared with $4,021 million in the same period in 2024 primarily reflecting the higher reach