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14:30
Jul 28 ◎

BA FY2026 Q2 Watch

Boeing Company (The) (BA) FY2026 Q2 Earnings Call

BA SPR GE ▾

Kelly Ortberg

Management is bullish on execution: record backlog, rising deliveries, certification milestones on track, and free cash flow guidance reaffirmed with upside tailwinds from higher deliveries.

"The momentum we've built in the first half of this year is setting us up for more dependable performance as we execute the second half"

BA WATCH

Jay Malabe

Post-acquisition, Spirit's contribution to BDS revenue is modest; integration is on track with quality improvements in fuselage deliveries.

"Spirit contributed approximately $130 million to sales in the quarter or about two points of growth"

SPR WATCH

Kelly Ortberg

Boeing's 787 rate-10 timing is gated by GE engine deliveries; GE fell behind in H1 and recovery starts only in Q3. — A delay in GE's engine output pushes Boeing's 787 production break to 10/month into 2027, capping near-term cash flow from that program.

"we'll continue to work with GE on the engine delivery recovery this summer, which will be important for our rate 10 timing"

GE WATCH

HIGH

14:30
Apr 22 ◎

BA FY2026 Q1 Watch

Boeing Company (The) (BA) FY2026 Q1 Earnings Call

GE BA SIA ▾

Kelly Ortberg

GE is advancing a fix for the 777X engine durability issue, supporting Boeing's certification timeline and first delivery target in 2027.

"we work closely with our supplier. As they said yesterday, they believe they have identified root cause and they're working on finalizing their modification."

GE WATCH

Kelly Ortberg

Management guided improving production rates, positive full-year cash flow, and a path to higher margins, signaling an operational turnaround after years of disruption.

"we're off to a really good start and headed in the right direction."

BA WATCH

Kelly Ortberg

Singapore Airlines placed the largest landing gear exchange contract in Boeing history, reinforcing strong aftermarket demand and customer commitment.

"The agreement will provide landing gear exchanges for more than 75 airplanes across Singapore's 737 MAX and 787 fleet."

SIA WATCH

LOW

15:30
Jan 27 ◎

BA FY2025 Q4 Watch

Boeing Company (The) (BA) FY2025 Q4 Earnings Call

SPR ALK GE BA ▾

Kelly Ortberg

Boeing's 737 rate ramp past 47 will shift from burning down excess inventory to needing supplier improvements, making it harder than the 38-42 move. — Suppliers like Spirit must make significant capacity and quality improvements to meet Boeing's future production goals.

"completing the acquisition of Spirit Aerosystems. Bringing together our companies reinforces our efforts to improve safety and quality throughout our factories, operations, and supply chain."

SPR WATCH

Kelly Ortberg

Alaska's largest-ever order signals strengthening demand for Boeing narrowbody aircraft and customer confidence in Boeing's production recovery.

"Earlier this month, I joined Alaska Airlines as they announced their largest order ever."

ALK WATCH

Kelly Ortberg

A durability issue on the 777X engine has emerged, requiring collaboration with GE to find a solution; this could add schedule or cost complexity to the program.

"We have identified a potential durability issue during a recent inspection on the 777X engine, and we're working with GE to better understand that issue and finalize root cause and corrective actions."

GE WATCH

Jay Malave

Guidance is cautiously positive, with management forecasting cash flow positivity in 2026 and reiterating the $10bn free cash flow target, supported by production ramp-ups and services business, despite still significant risks.

"Our improving cash flow performance in 2025 provides a solid setup to deliver positive free cash flow for the full year in 2026."

BA WATCH

HIGH

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