Boeing narrowed its net loss and saw a 35% revenue increase in the latest quarter, with core losses improving to $1.24 per share due to higher commercial deliveries and operational performance, CFO Brian West reported. New CFO Jay Malave, set to earn $1.05 million base salary, aims to lead Boeing’s financial turnaround.

Despite financial improvements, Boeing faces challenges such as FAA scrutiny and production caps on its 737 aircraft. FAA approval is being sought to increase production from 38 to 42 planes per month. CEO Ortberg remains optimistic about stability and future growth, downplaying potential strike impacts on operations.

Ortberg anticipates smooth operations despite potential labor strike concerns. Boeing delivered 150 commercial jets in Q2 and aims to increase 737 production rate to 42 planes per month. Key performance indicators will gauge production system health for future expansion.

Read more at Yahoo Finance: Boeing narrows losses ahead of new CFO’s arrival