Boeing entered the second half of 2025 with results that reflect a complex mix of progress and ongoing challenges. The company has managed to increase deliveries and revenues and begin to stabilize operational performance, a signal that major restructuring actions in manufacturing and safety are beginning to yield the first tangible results. On the other hand, the financial statements still show deep losses and negative free cash flow, a reminder to investors that the road to full recovery will be long and challenging.

The extremely strong backlog (order backlog) of USD 619 billion, which includes more than 5,900 commercial aircraft, remains a significant factor. This order book provides Boeing $BAwith a clear demand base for many years to come and confirms its strategic position in the global market. Still, whether the company can resolve its manufacturing and regulatory issues and restore customer and investor confidence will be critical. The current results thus represent a step in…