BOEING (BA) Company Report

Aeroméxico transported 2.053 million passengers in January, a 1.8% year-over-year decline, driven by a 4.2% drop in domestic traffic and a 2.7% rise in international traffic.
Total capacity (ASMs) fell 2.3% year-over-year, with domestic ASMs down 3.6% and international ASMs down 1.7%.
Demand (RPMs) grew 1.1%, as international RPMs rose 3.8% despite a 5.0% decrease in domestic RPMs.
Load factor improved by 2.9 percentage points to 87.0%, led by a 4.7 p.p. increase for international routes.
CEO Andrés Conesa said capacity is expected to resume growth in Q2 2026, underscoring a focus on sustainable, disciplined network management.

1 day ago

Press Release

Boeing signs Air Cambodia order for up to 20 737 MAX jets

New Projects/Investments

Boeing and Air Cambodia finalized a firm order of 10 737-8 jets with options for 10 more, marking the airline’s largest single-aisle purchase and first Boeing aircraft acquisition.
The 737-8 seats up to 178 passengers over a range of 3,500 nm and delivers 20% lower fuel use and emissions than the aircraft it replaces, aiding Air Cambodia’s regional growth.
Announced at the Singapore Airshow, the deal enables Air Cambodia to launch direct services across North and Southeast Asia while modernizing and expanding its fleet of six single-aisle and regional jets.
Boeing projects Southeast Asian carriers will need nearly 5,000 new airplanes over the next 20 years, with single-aisle jets comprising more than 80% of deliveries.

4 days ago

Press Release

Boeing secures Air India order for 30 more 737 MAX jets

New Projects/Investments

Air India ordered 30 additional Boeing 737 MAX aircraft (20 737-8 and 10 737-10), expanding its Boeing order book to nearly 200 airplanes across single-aisle and widebody families.
The airline exercised existing options for 20 737-8s this month and disclosed a previously unidentified order for 10 737-10s on Boeing’s Orders & Deliveries website.
New deliveries will bolster Air India’s domestic and regional network with fuel-efficient, high-reliability single-aisle jets.
Boeing forecasts the Indian and South Asian region will need nearly 3,300 new airplanes over the next two decades, with 90% being single-aisle jets like the 737 MAX.

Jan 29, 2026, 4:58 PM

Press Release

Boeing: Air India Exercises Options for 30 737 MAX

New Projects/Investments

At Wings India 2026, Air India exercised options for 30 Boeing 737 MAX narrowbodies (20 737-8s, 10 737-10s) and converted 15 A321neo orders to A321XLRs, bringing its total Boeing commitments to 250 aircraft.
Boeing’s backlog for Air India now shows 198 Boeing jets remaining to be delivered: 169 737 MAXs, 19 787s, and 10 777s.
Air India has roughly 600 firm aircraft commitments across Airbus and Boeing after the latest additions and conversions.
Boeing reported Q4 EPS of $9.92 and sales of $23.9 billion, exceeding expectations despite a subsequent 1.6% and 1.2% stock decline on consecutive days.

Jan 29, 2026, 1:25 PM

Morningstar

Boeing reports Q4 2025 earnings and operational progress

Earnings

M&A

Guidance Update

Q4 revenue of $23.9 B, up 57% year-over-year, with core EPS of $9.92 reflecting an $11.83 B gain on the Jeppesen divestiture; free cash flow of $375 M in the quarter.
Commercial Airplanes delivered 160 jets in Q4 (600 in 2025, highest since 2018); Q4 revenue $11.4 B with –5.6% operating margin, backlog reached $567 B (6,100+ aircraft).
Defense and Services: BDS delivered 37 aircraft (Q4 revenue $7.4 B, margin –6.8% including a $565 M KC-46A loss; backlog $85 B, orders $15 B) and BGS posted $5.2 B revenue (adjusted margin 18.6%), with $10 B in Q4 orders and $30 B backlog.
Completed the Spirit AeroSystems acquisition and $10.6 B Jeppesen sale; guiding 2026 free cash flow of $1–3 B with capex around $4 B to support production rate increases.

Jan 27, 2026, 3:30 PM

Transcript

Boeing reports Q4 2025 results

Earnings

Boeing’s Q4 2025 revenue was $23.9 B, up from $15.2 B in Q4 2024.
Q4 operating margin improved to 36.7%, versus (24.7)% a year earlier.
Core EPS turned positive at $9.92, compared to a loss of ($5.90) in Q4 2024.
Free cash flow was $0.4 B, versus negative ($4.1 B) in the prior-year quarter.

Jan 27, 2026, 3:30 PM

Presentation

Boeing reports Q4 2025 results

Earnings

Guidance Update

M&A

Q4 revenue of $23.9 B, up 57% year-over-year, with core EPS of $9.92 (including an $11.83 B gain on the Digital Aviation Solutions divestiture) and positive free cash flow of $375 M.
Full-year 2025 revenue of $89.5 B, up 34%, core EPS of $1.19 (ex-gain EPS up $9.10), free cash flow usage of $1.9 B, and 2026 free cash flow guidance of $1–3 B (normalized target of $10 B).
BCA delivered 160 aircraft in Q4 (600 in FY), achieved a record backlog of $567 B, and raised production to 42/mo (targeting 47/mo later in 2026); the Spirit AeroSystems acquisition weighed on Q4 margins by ~1.5 pts.
BGS Q4 revenue of $5.2 B (adjusted +6%), adjusted operating margin of 18.6%, orders of $10 B in Q4 ($28 B FY), and backlog of $30 B.

Jan 27, 2026, 3:30 PM

Transcript

Boeing reports Q4 2025 financial and operational highlights

Earnings

Guidance Update

M&A

600 commercial airplanes delivered and over 1,100 orders in 2025; 737 production stabilized at 42/mo and 787 at rate 8, with plans to exceed 47/mo on 737 and reach 10/mo on 787 later in 2026.
FY 2025 revenue of $89.5 billion (+34%) and Core EPS of $1.19 (including a $12.47 digital aviation solutions gain); 2025 free cash flow usage of $1.9 billion, with 2026 FCF guidance of $1–3 billion.
Closed the $10.6 billion Jeppesen sale and completed Spirit AeroSystems acquisition to streamline operations and bolster services capabilities.
Advanced certification programs: 737-10 secured TIA 2 and both 737 variants expected certified in 2026; 777-9 gained TIA 3 and remains on track for first delivery in 2027 despite an engine durability issue.

Jan 27, 2026, 3:30 PM

Transcript

Boeing posts surprise Q4 profit

Earnings

Boeing reported adjusted core EPS of $9.92, net income of $8.13 billion, and revenue of $23.95 billion, driven by a $9.6 billion gain from the sale of part of its Digital Aviation Solutions unit.
On a non-GAAP basis, Boeing posted a loss per share of ($1.91) versus a ($0.40) expected; commercial revenue jumped 139% to $11.38 billion with deliveries up 181% to 160 aircraft, while defense, space & security revenue rose 37.1% to $7.42 billion.
Trailing-12-month revenue reached $80.76 billion, with an operating margin of –10.43%, net margin of –12.2%, and a market capitalization of about $194.54 billion.
Shares slipped about 2.3% in premarket trading as investors weighed the sustainability of the operational recovery beyond the one-time asset-sale benefit.

Jan 27, 2026, 12:45 PM

Morningstar

Boeing reports Q4 2025 results

Earnings

M&A

Acquired Spirit AeroSystems in December 2025, underscoring production stability efforts.
Revenue rose 57% year-over-year to $23.9 Billion, with GAAP EPS of $10.23, bolstered by a $9.6 Billion gain on the Digital Aviation Solutions sale.
Operating cash flow was $1.3 Billion, and non-GAAP free cash flow reached $0.4 Billion in the quarter.
Full-year backlog expanded to a record $682 Billion, including over 6,100 commercial airplanes.