Boeing’s Q1 revenue neared $18bn with loss reported

Boeing reported a first-quarter 2023 loss of $425 million, despite a 28% year-on-year Q1 2023 revenue increase to $17,9bn. The loss was an improvement on the $1.2bn recorded in Q1 2022. In Q1 2023, the Seattle-based manufacturer said its operating cash flow was $300 million, down from the more $3bn for the 2022 quarter, with free cash flow at $800 million. The revenue increase was based “primarily” on 130 deliveries of new jets, Boeing said, with the figures published showing commercial aircraft deliveries accounting for $6.7bn of the revenue, up from $4.2bn in Q1 2022 and around $200 million more