Boeing (BA) Reports $280M Loss Tied to Air Force One Delays

Boeing Co. (BA) reported a net loss of $428 million for the second quarter, exceeding Wall Street expectations of a 30-cent loss per share, with an adjusted loss of 76 cents per share. This was impacted by a $280 million loss related to the delayed Air Force One program. Revenue increased by 8% year-over-year to $24.56 billion, surpassing expectations of $24.25 billion. The company delivered 171 commercial aircraft, an increase of 14% from the previous year. These developments may influence investor sentiment given Boeing's ongoing production ramp-up with plans for the 737 Max.