Boeing's stock has gained momentum as the company navigates a turnaround, reporting a first-quarter revenue increase to $22.2 billion and narrowing its core loss per share to $0.20. With a record backlog nearing $695 billion and plans to ramp up 737 MAX production to 47 aircraft per month by summer 2026, demand appears robust. However, the company still faces challenges, including approximately $47 billion in debt and an anticipated loss of $0.23 per share for the upcoming quarter.