Boeing Eyes First Profit Since 2018 as It Prepares Q4 Earnings Report

Boeing Co. (NYSE: BA) is set to announce its fourth-quarter earnings before the market opens, with Wall Street bracing for a narrower loss compared to previous quarters. After several tough years, analysts are cautiously optimistic that the aerospace giant might finally turn a profit in 2026, something it hasn't managed since 2018.

Last year marked a significant uptick in deliveries, with Boeing handing over 600 planes globally, almost doubling the output from 2024. This surge represents the highest number of deliveries since 2018, reflecting progress under CEO Kelly Ortberg, who returned from retirement to steer the company back on course.

Although the delivery numbers are encouraging, Boeing still faces headwinds. Several aircraft remain stuck in regulatory limbo without approval to be handed over. The FAA's green light is particularly awaited for ramping up 737 Max output beyond 42 planes monthly, a limit imposed after a 2024 incident where a panel detached mid-flight.

The push for production increases is vital. Airlines pay the majority of a plane's cost once they take delivery, making these milestones crucial for Boeing's cash flow. The manufacturer's ability to boost output has been undercut by the pandemic, supply chain bottlenecks, and lingering fallout from the Max crashes that plunged the company into turmoil starting in 2019.

While Boeing's deliveries last year lagged behind European rival Airbus-who moved 793 planes in 2025 compared with Boeing's 600-the American company did win more net orders. Boeing secured 1,173 net orders, beating Airbus's 889, suggesting airlines are planning well into the next decade as they prepare to replace aging fleets and expand.

Recent deals with customers like Alaska Airlines and Delta Air Lines underscore Boeing's focus on locking in future demand. The company's defense segment also remains under scrutiny, especially with delays in delivering the two 747-based Air Force One aircraft.

Investors are eagerly awaiting details on when the long-awaited 737 Max 7 and Max 10 will earn certification, along with updates on the 777X, Boeing's upcoming largest wide-body jet. The information will play a big role in shaping expectations for Boeing's production and revenue trajectory this year.

No doubt, Boeing's path to recovery still has bumps ahead. The combination of regulatory hurdles and production challenges means that even with improving numbers, the full turnaround story is still being written.