Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
US aircraft maker Boeing reported a wider-than-expected Q2 loss Tuesday after booking a $280 million charge tied to its troubled Air Force One replacement program, Reuters reported.The charge reflected higher engineering costs associated with delivering two delayed US presidential aircraft in 2028 and contributed to a second-quarter net loss of $428 million.The aircraft maker’s shares rose 5% in midday trading despite the Q2 loss, as investors focused on improving production and stronger cash flow. Its core loss of 76 cents per share was wider than analysts’ estimate of a 30-cent loss but narrower than the $1.24-per-share loss recorded a year earlier, according to LSEG data.Boeing generated $631 million in free cash flow, reversing a $200 million outflow in the second quarter of 2025, partly due to stronger-than-expected customer payments. The company maintained its full-year free cash flow forecast of $1 billion to $3 billion, which would mark its first positive annual result since 20...