Blog

Boeing deliveries drop 27% in June year-on-year

Jul 9, 2024 | blog

In this text

Boeing 737 MAX plane are assembled on the firm’s plant in Renton, Washington, U.S. June 25, 2024. 
Jennifer Buchanan | Via Reuters

Boeing mentioned on Tuesday it delivered extra business jets in June than in every other month this yr, however the whole of 44 planes represented a 27% drop on an annual foundation amid a whirlwind of authorized and manufacturing challenges.

The firm has pledged to increase manufacturing by the top of the yr, after wrestling with provide chain snags and working a slower meeting line since a Jan. 5 mid-air blowout of a door plug on a 737 MAX 9 jet that heightened regulatory scrutiny.

On Sunday, the U.S. Justice Department mentioned Boeing agreed to plead responsible to a prison fraud conspiracy cost linked to 2 737 MAX deadly crashes in 2018 and 2019, elevating questions concerning the planemaker’s potential to safe authorities contracts.

The firm handed over 5 777 freighters, together with two of the jets to Air China, confirming Reuters studies that widebody deliveries to China have resumed after being halted this spring attributable to a Chinese regulatory assessment.

Boeing additionally reported 11 orders in June for 777 freighters, the third-highest month ever for the mannequin, out of a complete of 14 gross orders for the month.

After changes to mirror the backlog, Boeing reported adjusted web orders for the month of a damaging 104. The planemaker didn’t give a selected rationalization.

That introduced Boeing’s gross order whole up to now this yr to 156. After eradicating cancellations and conversions, Boeing posted a web whole of 115 orders for the reason that begin of 2024.

Following additional accounting changes, Boeing reported adjusted web orders of 26 airplanes up to now this yr.

Boeing delivered 175 planes within the yr up to now, trailing its European rival Airbus which delivered 323 airplanes within the first half.

The world’s largest planemaker additionally mentioned this week that it had gained 327 gross orders within the first six months of 2024, or a web whole of 310 after cancellations.

MoneyMaker FX EA Trading Robot

powered by qhost365.com

Cnbc.com