Company: BA
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0000012927-25-000062
Chunk: 69

Company: BOEING CO
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 69
---
,866 

Revenues for the six months ended June 30, 2025, increased by $8,810 million compared with the same period in 2024 primarily driven by higher revenues at Commercial Airplanes (BCA). BCA revenues increased by $8,365 million primarily due to higher deliveries.

Revenues for the three months ended June 30, 2025, increased by $5,883 million compared with the same period in 2024 primarily driven by higher revenues at BCA. BCA revenues increased by $4,871 million primarily due to higher deliveries.

Earnings/(loss) from Operations

The following table summarizes Earnings/(loss) from operations:

(Dollars in millions)Six months ended June 30Three months ended June 302025202420252024Commercial Airplanes($1,094)($1,858)($557)($715)Defense, Space & Security265 (762)110 (913)Global Services1,992 1,786 1,049 870 Segment operating earnings/(loss)1,163 (834)602 (758)Unallocated items, eliminations and other(1,397)(946)(1,035)(634)Pension FAS/CAS service cost adjustment390 460 197 230 Postretirement FAS/CAS service cost adjustment129 144 60 72 Earnings/(loss) from operations (GAAP)$285 ($1,176)($176)($1,090)FAS/CAS service cost adjustment * (519)(604)(257)(302)Core operating loss (Non-GAAP) **($234)($1,780)($433)($1,392)

*    The FAS/CAS service cost adjustment represents the difference between the Financial Accounting Standards (FAS) pension and postretirement service costs calculated under GAAP and costs allocated to the business segments.

**    Core operating earnings/(loss) is a Non-GAAP measure that excludes the FAS/CAS service cost adjustment. See pages 53-54.

Earnings from operations for the six months ended June 30, 2025, was $285 million compared to loss from operations of $1,176 million during the same period in 2024. The $1,461 million increase in earnings is primarily driven by Defense, Space & Security (BDS) ($1,027 million) and BCA ($764 million), partially offset by an increase in