Boeing's Q1 results show mixed earnings but plans to increase 737 Max production.

Boeing reported mixed Q1 earnings, with revenue of $17.92 billion, up 28% YoY, beating estimates, but adjusted EPS loss of $1.27, wider than expected. The company reaffirmed its prior guidance for the year and said it would boost production of its 737 Max planes to 38 planes a month. This comes after a recent production issue with the 737 Max. Boeing's backlog of 737 planes stands at 4,219 planes. The 787 Dreamliner program is producing three planes per month with plans to ramp production to five per month in late 2023 and to 10 per month in the 2025/2026 timeframe.