Boeing shares fell on Tuesday after it announced it had returned to profit in the fourth quarter (Q4) of 2025 due to the sale of its Jeppesen digital aviation services business, rising jet production and stronger deliveries.
The American aircraft manufacturer said net earnings were US$8.22 billion (A$11.8 billion) in Q4 compared with a loss of $3.77 billion in the previous corresponding period (pcp).
Non-GAAP core earnings per share (EPS) came in at $9.92 versus an expected loss of $0.44 per share. The company also posted revenues of $23.948 billion, ahead of the $22.6 billion expected.
For 2025, net income was $2.238 billion versus an $11.829 billion loss, diluted EPS was $2.48 versus an $18.46 loss, and revenue rose 34% to $89.463 billion.
The rise in Q4 revenue reflected improved operational performance and higher commercial delivery volume.
“We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead,” President and Chief Executive Officer Kelly Ortberg said in a news release.
"We completed the acquisition of Spirit AeroSystems and the sale of portions of the Digital Aviation Solutions business and remain focused on promoting stable operations, completing our development programs, rebuilding trust with our stakeholders, and fully restoring Boeing to the iconic company we all know it can be."
Losses in its two biggest divisions were bigger than expected, and the company also recorded a $565 million charge on its KC-46 aerial-refuelling tanker program due to higher estimated production support and supply chain costs.
After excluding the Jeppesen sale windfall, Boeing posted a much larger loss than the 39-cent loss per share projected by analysts, according to data compiled by LSEG.
Boeing (NYSE: BA) shares closed $3.87 (1.6%) lower at $244.56 on Tuesday (Wednesday AEDT), capitalising the company at $191.51 billion (A$274.3 billion).
