Boeing Q2 loss widens as Air Force One costs rise

Boeing reported a larger-than-expected quarterly loss on Tuesday, July 28, 2026, as a significant charge on its delayed Air Force One program continued to weigh on the aerospace giant's financial results. The company posted a second-quarter net loss of $428 million, driven by a $280 million charge on the VC-25B program to replace the presidential aircraft fleet.

The core loss per share of 76 cents was substantially worse than the 30-cent loss analysts had anticipated, though it marked an improvement from a $1.24 per-share loss in the same quarter a year earlier. Despite the earnings miss, Boeing generated $631 million in free cash flow during the quarter, a notable turnaround from a negative $200 million in the second quarter of 2025. The company attributed the positive cash flow partly to higher-than-expected customer payments.

Revenue for the quarter climbed 8% year-over-year to $24.56 billion, reflecting ongoing recovery in its commercial airplane business. Boeing delivered 171 airplanes during the period, an increase of 14 from the previous year, with production of its bestselling 737 MAX narrowbody jets continuing to ramp up. The company is maintaining its full-year free...