Boeing's second-quarter loss narrowed and revenue improved as the aircraft manufacturer delivered more commercial planes in the period.
Boeing Co. lost $611 million for the three months ended June 30; a year earlier it lost $1.44 billion.
Boeing is in the process of re-acquiring Wichita-based supplier Spirit AeroSystems.
Shares of Boeing stock rose slightly before the market open on Tuesday.
Revenue climbed to $22.75 billion from $16.87 billion (up 35%), mostly from 150 commercial deliveries compared with 92 deliveries (up 63%) in the prior-year period.
The performance topped Wall Street's estimate by 4%.
“Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,” CEO Kelly Ortberg said in a statement. “As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment.”
Boeing has been dealing with a variety of issues over the past few years.
Last month, the National Transportation Safety Board said its 17-month long investigation found lapses in Boeing’s manufacturing and safety oversight, combined with ineffective inspections and audits by the Federal Aviation Administration, led to a door plug panel flying off Alaska Airlines flight 1282 last year, which was a Boeing 737 Max 9 aircraft.
Boeing said in a statement at the time it will review the NTSB report and continue working on strengthening safety and quality across its operations.
The Max version of Boeing’s bestselling 737 airplane has been the source of persistent troubles for the company since two of the jets crashed, one in Indonesia in 2018 and another in Ethiopia in 2019, killing a combined 346 people.
In May the Justice Department reached a deal allowing Boeing to avoid criminal prosecution for allegedly misleading U.S. regulators about the Max before the two crashes.
Boeing was also in the news last month when a 787 flown by Air India crashed shortly after takeoff and killed at least 270 people. Investigators so far have not found any flaws with the model, which has a strong safety record.