financetom
Business
financetom
/
Business
/
Boeing deliveries drop 27% in June year-on-year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing deliveries drop 27% in June year-on-year
Jul 9, 2024 8:18 AM

(Reuters) - Boeing ( BA ) said on Tuesday it delivered more commercial jets in June than in any other month this year, but the total of 44 planes represented a 27% drop on an annual basis amid a whirlwind of legal and production challenges.

The company has pledged to expand production by the end of the year, after wrestling with supply chain snags and operating a slower assembly 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 said Boeing ( BA ) agreed to plead guilty to a criminal fraud conspiracy charge linked to two 737 MAX fatal crashes in 2018 and 2019, raising questions about the planemaker's ability to secure government contracts.

The company handed over five 777 freighters, including two of the jets to Air China, confirming Reuters reports that widebody deliveries to China have resumed after being halted this spring due to a Chinese regulatory review.

Boeing ( BA ) also reported 11 orders in June for 777 freighters, the third-highest month ever for the model, out of a total of 14 gross orders for the month.

After adjustments to reflect the backlog, Boeing ( BA ) reported adjusted net orders for the month of a negative 104. The planemaker did not give a specific explanation.

That brought Boeing's ( BA ) gross order total so far this year to 156. After removing cancellations and conversions, Boeing ( BA ) posted a net total of 115 orders since the start of 2024.

Following further accounting adjustments, Boeing ( BA ) reported adjusted net orders of 26 airplanes so far this year.

Boeing ( BA ) delivered 175 planes in the year to date, trailing its European rival Airbus which delivered 323 airplanes in the first half.

The world's largest planemaker also said this week that it had won 327 gross orders in the first six months of 2024, or a net total of 310 after cancellations.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Turkcell Forms Strategic Partnership With Google Cloud
Turkcell Forms Strategic Partnership With Google Cloud
Nov 12, 2025
05:00 AM EST, 11/12/2025 (MT Newswires) -- Turkcell (TKC) said Wednesday it is forming a strategic partnership with Alphabet's (GOOG, GOOGL) Google ( GOOG ), with plans to launch a new cloud region and establish digital infrastructure in Turkey, clearing the way for a multi-year investment. The new cloud region will deliver Google Cloud's services such as advanced data analytics...
Update: Novo Nordisk India Unveils 37% Price Cut for Weight Loss Drug; Shares Extend Gains Premarket
Update: Novo Nordisk India Unveils 37% Price Cut for Weight Loss Drug; Shares Extend Gains Premarket
Nov 12, 2025
05:23 AM EST, 11/12/2025 (MT Newswires) -- (Updates with the company statement from the first paragraph.) Novo Nordisk India, a subsidiary of Denmark's Novo Nordisk ( NVO ) , announced a 37% price reduction on Tuesday for its weight management drug, Wegovy, targeting a larger section of overweight and obese people in the country. For the 0.25 milligram therapy, the...
Indonesia's GoTo says it supports government policies, including potential mergers
Indonesia's GoTo says it supports government policies, including potential mergers
Nov 12, 2025
Nov 12 (Reuters) - Indonesian ride-hailing firm GoTo said on Wednesday that it has consistently backed government policies that will benefit driver-partners and merchants, including those involving mergers or acquisitions. The statement comes days after a spokesperson for the Indonesian president said the government was discussing a possible merger or acquisition involving GoTo and its ride-hailing and food delivery rival...
Visa Pilots Stablecoin Payouts for Creators, Gig Workers via Visa Direct
Visa Pilots Stablecoin Payouts for Creators, Gig Workers via Visa Direct
Nov 12, 2025
05:15 AM EST, 11/12/2025 (MT Newswires) -- Visa (V) said Wednesday it launched a pilot program letting businesses fund Visa Direct payouts in fiat currency, while recipients can opt to receive funds in USD-backed stablecoins such as USDC in their wallets. The pilot targets faster access to money and broader reach for creators, freelancers, and marketplaces, including in places with...
Copyright 2023-2026 - www.financetom.com All Rights Reserved