💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueLearn More

Boeing delivers 43 jets in July, flat year-on-year

Published 08/13/2024, 11:05 AM
Updated 08/13/2024, 03:07 PM
© Reuters. The fuselage of a Boeing 737 MAX aircraft is seen parked in an aerial photo at at the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo
BA
-

By Allison Lampert

(Reuters) - Boeing (NYSE:BA) said on Tuesday it delivered 43 commercial jets in July, unchanged from the same month a year earlier when it faced supply chain hurdles, as the U.S. planemaker works to grow aircraft production under new CEO Kelly Ortberg.

The company has pledged to grow output by the end of the year, after wrestling with supply chain snags and operating a slower assembly line since a Jan. 5 in-flight blowout of a door plug on a 737 MAX 9 jet that heightened regulatory scrutiny.

The company handed over 31 MAX jets to customers last month, including a handful to Chinese carriers. Boeing had said it resumed deliveries of its best-selling airplane in July to China, in a boost for the company, after a delay stemming from regulatory issues. 

Boeing also finalized a guilty plea to a criminal fraud conspiracy charge and agreed to pay at least $243.6 million after breaching a 2021 agreement with the U.S. Justice Department.

Boeing also reported 72 gross orders in July, up from 52 during the same month a year earlier, including orders for 57 737 MAX planes that were partly announced during the Farnborough Air Show.

After adjustments to reflect the backlog, Boeing reported adjusted net orders for the month of 72.

That brought Boeing's gross order total so far this year through July 31 to 228. After removing cancellations and conversions, Boeing posted a net total of 186 orders since the start of 2024.

Following further accounting adjustments, Boeing reported adjusted net orders of 98 airplanes so far this year.

Year to date through July 31, Boeing delivered 218 airplanes, including 166 MAX jets.

© Reuters. The fuselage of a Boeing 737 MAX aircraft is seen parked in an aerial photo at at the Boeing Renton facility in Renton, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo

Boeing's European rival Airbus delivered 77 planes in July.

(This story has been refiled to fix a typographical error in paragraph 1)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.