TURNAROUND? Boeing to seek FAA approval this year to increase 737 Max production as losses narrow.

Boeing is preparing to ask for Federal Aviation Administration approval to ramp up production of its best-selling 737 Max jets to 42 a month later this year, CEO Kelly Ortberg said Wednesday, as airplane deliveries picked up this year and the company narrowed its losses.

Boeing reported a first-quarter net loss of $31 million, improvement from a loss of $355 million a year earlier, as revenue rose 18% to $19.5 billion, slightly ahead of analysts’ estimates.

The company’s cash burn of about $2.3 billion was an improvement over the nearly $4 billion it used in the first quarter of 2024, and was better than analysts expected.

“Less bad” isn’t the same as “good,” but it’s still a welcome improvement.