Boeing Commercial Revenues Up In Q2 2016

Boeing’s commercial aircraft division reported a 3.4 per cent year-on-year rise in revenues in Q2 2016 to $17.4bn on Wednesday (July 27).

Boeing’s commercial aircraft division reported a 3.4 per cent year-on-year rise in revenues in Q2 2016 to $17.4bn on Wednesday (July 27).

During the quarter, the OEM received 152 net orders, taking its total backlog to 5,700 aircraft, while delivering 199 aircraft during the quarter compared to 197 in Q2 2015.

However, operating margin was negative by 5.6 per cent, which the Chicago-based OEM attributed to writing down its 787 R&D programme by $1.2bn and a $1.1bn pre-tax charge on the 747.

Overall, Boeing posted a Q2 2016 loss of $234m compared to a $2.4bn profit during the same period last year, which CEO Dennis Muilenburg attributed to a $2.1bn R&D charge.

 

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