Send PM
Followers 632
Posts 100061
Boards Moderated 49
Alias Born 03/10/2004

Re: None

Tuesday, 08/09/2022 11:27:00 AM

Tuesday, August 09, 2022 11:27:00 AM

Post# of 6288
Boeing deliveries slip to five-month low in July
By: Reuters | August 9, 2022

• Boeing jetliner deliveries fell to a five-month low of 26 airplanes in July, highlighting pressure on global supply chains as it prepares to resume deliveries of the 787 Dreamliner.

(Reuters) – Boeing jetliner deliveries fell to a five-month low of 26 airplanes in July, highlighting pressure on global supply chains as it prepares to resume deliveries of the 787 Dreamliner.

The U.S. planemaker said monthly deliveries included 23 737 MAX jets and three wide-body freighters, bringing MAX deliveries so far this year to 212 jets and total deliveries to 242.

The figures do not include the imminent resumption of 787 Dreamliner deliveries after a year-long suspension over production issues.

The U.S. government on Monday approved the first 787 delivery since May 2021, people briefed on the matter said.

July’s Boeing data does, however, underscore industrial snags testing the aerospace industry after Airbus reported lower July deliveries on Monday.

At roughly half the 51 handovers seen in the previous month, Boeing’s July deliveries suffered the sharpest sequential drop since before the 737 MAX was cleared to return to service in December 2020, following a safety grounding.

Deliveries have nonetheless fluctuated significantly this year and June had seen a sharp swing towards the upside.

Chief Financial Officer Brian West anticipated a “light” July when he outlined three worries for the 737 during earnings last week: supply chains, delays in getting planes out of storage and an effective freeze on deliveries to China.

He told analysts that Boeing would not fully make up for lower-than-expected first-half deliveries in the second half and added: “We’ll continue to experience monthly variability”.

New orders

Boeing, meanwhile, saw a surge of new business in July as it officially booked orders announced at the Farnborough Airshow, where it focused on shoring up the 737 MAX 10, as the aircraft faces uncertainty over a certification deadline.

Boeing confirmed orders for a total of 125 MAX from Delta Air Lines and Qatar Airways as well as two 777 freighters for Air Canada. It added fresh orders for two MAX from American Airlines and a 777 freighter from FedEx.

That brings Boeing’s gross orders to 130 airplanes for July and 416 for the year so far.

After cancellations of four planes in July, Boeing posted core net orders of 126 planes in July and 312 for the year to date.

Airbus earlier reported comparable year-to-date net orders of 656 airplanes after a major deal with China..

After further accounting adjustments, Boeing said it had reached adjusted net orders of 362 planes so far this year.

The adjustments reflect a more positive view on some outstanding contracts as travel demand returns.

Boeing restored a net total of 31 planes to its normal operational backlog in July after they had previously been set aside in a category reserved for jets unlikely to be delivered.

Airbus carries out similar quality adjustments to its backlog annually rather than monthly, and logs them in terms of value rather than volume, so a comparison is not available.

Boeing has sold a total of 5,206 jets that are still waiting for delivery in coming years, or 4,370 after including the accounting adjustments for planes seen unlikely to be delivered.

(Reporting by Tim Hepher Additional reporting by Abhijith Ganapavaram and David Shepardson; Editing by Mark Potter)

Read Full Story »»»


Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold

Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
Recent BA News

ILUS Confirms Share Lock-Up Opportunity ILUS Sep 29, 2022 1:25 PM

ILUS Appoints Investment Bank to Assist With Up-List and Associated Acquisitions ILUS Sep 29, 2022 11:22 AM

New Break Identifies High-Grade Gold, up to 70.60 g/t Au, via Grab Sampling at Moray NBRK Sep 29, 2022 10:29 AM

Arts & Collectibles DOT Company Coinllectibles Seeing a Very Bright Future with Revenue jumping by 100% to US$8.8 Million in First Half of 2022 as compared to The Year Before COSG Sep 29, 2022 8:44 AM

Rising Star Trillion Energy Ready to Supply Much Needed European Gas TCF Sep 29, 2022 8:00 AM

GBT is researching the Development of Electro-Thermal Aware Design Environment for Integrated Circuits.Seeking to Address Advanced Nanometer Nodes Semiconductors Electro-Thermal Modeling and Optimization. GTCH Sep 29, 2022 7:30 AM

Goldshore Intersects 192.75m @ 1.02 g/t Au from 94.45m depth in MMD-22-051 GSHRF Sep 29, 2022 7:30 AM

SFLMaven Plans for New Potential Revenue from Patent Pending HolgoGlow Technology for the Metaverse SFLM Sep 29, 2022 6:30 AM

Ludwig's genomic-based mRNA Inflammatory Index - a Ground-Breaking Technology LUDG Sep 28, 2022 1:34 PM

Headwater Gold Commences Multi-Rig Drill Program at the Spring Peak Project, Nevada to Follow Up Epithermal Vein Discoveries HWAUF Sep 28, 2022 10:13 AM

Valiant Eagle Inc. (OTC: PSRU) Significantly Increases Its Equity Stake in Sumer Technologies, Inc., as the Ride-Sharing Company Readies Its Much Anticipated Innovative Zumr App For Q1 2023 U.S. Launch PSRU Sep 28, 2022 9:30 AM

Good Gaming Inc. Announces Official Launch Date For Their New Minecraft OP Prison Game Featuring MicroBuddiesTM GMER Sep 28, 2022 9:15 AM

Trend Innovations Holding Inc. Completes the Second Version of the AI Consultant Chatbot on the Company's Website TREN Sep 28, 2022 9:00 AM

GBT will be attending the Interactive MoneyShow Virtual Expo, on Sep 27-29, Presenting its Technologies, Innovations and Future Visions GTCH Sep 28, 2022 7:30 AM

Branded Legacy, Inc. Reduces Authorized Shares By 300 Million BLEG Sep 27, 2022 11:53 AM