“In terms of where we’re headed, as we think about the back half of the year, we will still have some negativity, although sequentially better in the third quarter.”

In context

“Instructions] And our first question will come from Sheila Kahyaoglu from Jefferies. Please go ahead. Sheila Kahyaoglu: Thank you. Good morning, Dave, Brian and Matt. So just digging into Commercial Airplanes operating loss of $383 million in the quarter, how do we think about this turning positive? Can you maybe talk about the biggest drivers thinking about production rates stabilizing and then going up what that does to operating margins? And how do you think about finalizing abnormal cost concessions and just pricing playing into the mix? Brian West: Hi, Sheila, I’ll start off with that. Last quarter – first quarter, I should say, BCA margins were negative 9%, and we knew that they were going to get sequentially better, and they did. They got down to negative 4%. So it’s good progress. In terms of where we’re headed, as we think about the back half of the year, we will still have some negativity, although sequentially better in the third quarter. And then as we exit the year and moving over into the first quarter of next year, those margins will move positive. We’re confident in that. And some of the things are the ones you mentioned, which is rate ramp. You’ll have some of this abnormal behind us in the rearview mirror and will be done. And of course, the pricing environment is pretty good. So all of that give us confidence that we will get these margins positive. And it will likely be towards the end of the year, early next year. And the team is laser-like focused on meeting those expectations. Sheila Kahyaoglu: Great. Thank you. Operator: Thank you. The next question is from the line of Peter Arment from Baird. Please go ahead. Peter Arment: Yes, thanks. Good morning, Dave and Brian. Brian, staying on that same line of question”