US airframer Boeing has reported increased revenues of $19.8 billion (bn) for the 2nd Quarter of 2023 helped by the delivery of 136 aircraft during that period.
The seattle-based company also reported an operating cashflow if $2.9bn.
“We had a solid second quarter with improved deliveries and strong free cash flow generation. We are well positioned to meet the operational and financial goals we set for this year and for the long term,” said Dave Calhoun, Boeing president and chief executive officer. “While we have more work ahead, we are making progress in our recovery and driving stability in our factories and the supply chain to meet our customer commitments. With demand strong, we’re steadily increasing our production rates across key programs and growing investments in our people, products and technologies“
Beoing also said it is ramping up production of its best-selling single-aisle airliner to 38 per month whilst 787 production is being increased to four per month and then 5 later in the year.
The 2nd Quarter saw Boeing get 450 net orders for aircraft including 220 for Air India and 39 for Riyadh Air,
They also secured a commitment from Ryanair for up to 300 737 MAX airplanes.
Commercial Airplanes delivered 136 airplanes during the quarter and backlog included over 4,800 airplanes valued at $363 bn.