Boeing (BA) 4Q 2025 earnings

Boeing is expected to report Tuesday when it releases results that it slashed its losses in the fourth quarter and that an annual profit could be in reach this year for the first time since 2018 as the long-troubled airplane maker continues to improve production.

However, Boeing still has a long road ahead to deliver late aircraft — some of which haven’t yet won regulator approval — to customers around the world.

Here’s how Wall Street expects Boeing performed in the fourth quarter, according to analysts’ estimates compiled by LSEG:

• Loss per share: 39 cents expected
• Revenue: $22.6 billion expected

Boeing delivered 600 airplanes to customers last year, nearly double the number from 2024 and the most since 2018. CEO Kelly Ortberg, who came out of retirement to run the manufacturer in 2024, has said more production increases are on the horizon in the coming months.

Deliveries are key for aircraft manufacturers because customers pay the bulk of an aircraft’s price when they receive it.

For Boeing, it’s a crucial ramp up after the company has burned through roughly $40 billion since the first quarter of 2019, when the second of two fatal crashes of the best-selling 737 Max plunged it into crisis for years. The Covid-19 pandemic, residual supply chain and labor shortages and a host of production problems have continued to hamstring the company, the largest U.S. exporter by value.

Boeing handed over 63 jetliners to customers last month, and 44 of those deliveries were 737 Maxes, the manufacturer said earlier this month.

Airbus still delivered more aircraft last year than Boeing, with 793, though that total is below the record 863 airplanes the European manufacturer handed over in 2019.

But Boeing outsold Airbus with 1,173 net orders in 2025 over its European competitor’s 889 net orders for the year. Airlines are starting to look out to the 2030s, securing delivery slots as they chart growth and replace older, more fuel-thirsty planes. Boeing counts Alaska Airlines and Delta Air Lines as customers in recent weeks for deliveries into the next decade.

Boeing is far from out of the woods, though. Investors will be eager to hear from the company’s leadership about what delivery pace is most realistic this year. The manufacturer still needs the Federal Aviation Administration’s approval for further Max increases beyond 42 per month, a requirement the regulator instated after a near-catastrophic midair blowout of a panel in January 2024.

Investors are likely to seek a firmer timeline for long-delayed 737 Max 7 and Max 10 certification as well as the twin-engine 777X, which will become the largest wide-body in its lineup. They are also looking for an update on Boeing’s defense business, where delays have included the two 747s that will serve as the next Air Force One aircraft.

This is developing news. Please check back for additional updates.