Boeing (BA) shares jumped Wednesday morning after the plane maker's first-quarter adjusted loss came in much smaller than anticipated.

The company reported an adjusted loss per share of $0.49 on revenue of $19.50 billion. Analysts polled by ꦬVisible Alpha had expected an adjusted loss per share of $1.24 on revenue of $19.66 billion.

"Our company is moving in the right direction as we start to see improved operational performance across our businesses from our ongoing focus on safety and quality," Boeing CEO Kelly Ortberg said. "We continue to execute our plan, are seeing early positive results and remain committed to making the fundamental changes needed to fully recover the company's performance while navigating the current environment."

S🧸hares of Boeing were up 8% just after the market opened. They entered the day down 8% since the start of th🐭e year.

On Tuesday, Boeing said it would sell parts of its Digital Aviation Solutions business to software investment firm Thoma Bravo for $10.55 billion. The company said the all-cash deal will help improve its balance sheet and allow it to focus on its core businesses.

Tariffs Fueling China Uncertainty

Boeing has been caught in the crossfire of the developing trade war between the U.S. and China, as its completed planes have reportedly started to come back to America after China 澳洲幸运5开奖号码历史查询:told its domestic airlines not to accept deliveries.

Boeing, which 澳洲幸运5开奖号码历史查询:topped Q1 deliveries and production estimates earlier this month, said last year it expected Chinese airlines to 澳洲幸运5开奖号码历史查询:generate demand for thousands of new planes over the next two decades as the air tr🔯avel industry grows in the country.

The plane maker also still faces a 澳洲幸运5开奖号码历史查询:looming trial in June as it works with the U.S. Department of Justice on a 澳洲幸运5开奖号码历史查询:revised guilty plea to a charge of defrauding the fe🃏deral go♍vernment over fatal 737 Max crashes in 2018 and 2019 after a previous agreement was rejected by a judge last December.

UPDATE—This article has been updated with the latest share price information.