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Boeing shares rise after a $280 million Air Force One charge
The pre-tax charge tied to converting 747-8 airframes into the VC-25B program helped drive a $428 million net loss, but Boeing also reported improving free cash flow to $631 million.
Boeing’s shares rose nearly 5% on Aug. 4 after the company reported a larger-than-expected loss for Q2 2026, with investors focusing on cash generation beneath the headline numbers, according to Yahoo Finance.
Boeing reported a net loss of $428 million, or an adjusted core loss of $0.76 per share, versus Wall Street expectations for a $0.30 loss. Yahoo Finance attributed the full earnings deficit to a single $280 million pre-tax charge on a fixed-price defense contract to convert two 747-8 airframes into replacement Air Force One presidential airplanes under the VC-25B program.
The outlet said the VC-25B program was originally signed in 2018 for $3.9 billion and is now about four years behind schedule and more than $1 billion over budget due to higher engineering and certification expenditures needed to reach a revised 2028 delivery target.
Yahoo Finance also pointed to underlying improvement, noting that excluding the Air Force One charge, Boeing’s core loss narrowed to $0.76 from $1.24 in Q2 2025. The company reported revenue up 8% year over year to $24.56 billion, and free cash flow improving to $631 million from negative $200 million, while production momentum continued with the start of its fourth 737 MAX assembly line, the North Line, in Everett, Washington.