Boeing’s fourth-quarter sales surged nearly 60% as it emerged from a series of crises that had damaged its reputation. It was the strongest quarter for aircraft deliveries since 2018.
Revenue surged from $15.24 billion to $23.95 billion in the three months ended Dec. 31. That beat the $22.6 billion expected by analysts polled by FactSet.
Boeing delivered 160 commercial airplanes in the quarter, more than double the 57 delivered in the same period last year.
Deliveries are an important source of cash for aircraft manufacturers because buyers typically pay most of the purchase price after the order is completed.
“We have made significant progress toward recovery in 2025 and have laid the foundation to maintain momentum in the year ahead,” Boeing CEO Kelly Ortberg said in a statement on Tuesday.
Arlington, Virginia-based Boeing posted profit of $8.13 billion, or $10.23 per share, in the period. That compares with a loss of $3.92 billion, or $5.46 per share, a year ago.
The quarter included a $9.67 billion gain related to the completion of the sale of part of its Digital Aviation Solutions business.
Excluding certain items, earnings per share were $9.92. Wall Street expected a loss of 44 cents per share.
In November, Boeing was determined not to face criminal conspiracy charges in connection with two 737 Max crashes that killed 346 people, after a Texas federal judge granted the government’s request to dismiss the case.
As part of the agreement to drop the charges, Boeing agreed to pay or invest an additional $1.1 billion in fines, compensation to families of crash victims and internal safety and quality measures. The agreement allows Boeing to choose its own compliance advisers instead of hiring an independent monitor.
A month ago, the Federal Aviation Administration said it would allow Boeing Co. to build more 737 Max planes by raising monthly limits on the Alaska Airlines jets it makes after door jams burst. Boeing can now produce 42 Max jets per month, up from 38 per month.