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Boeing Deliveries Fall Annually But Reach Highest Level This Year
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Boeing Deliveries Fall Annually But Reach Highest Level This Year
Jul 9, 2024 12:08 PM

02:55 PM EDT, 07/09/2024 (MT Newswires) -- Boeing ( BA ) reported its highest monthly deliveries of the year last month though they were down double digits year over year, while orders fell sharply.

The jet maker delivered 44 planes in June, down 27% from the 60 it delivered a year ago. Last month's deliveries included 34 737 Max planes.

Boeing ( BA ) reported 14 orders for the month of June that included three 737 Max jets and 11 777 Freighters, its data showed. That compares with 304 orders in June 2023, led by the 737 Max.

In the second quarter ended June 30, the company delivered 92 commercial jets that included 69 Max planes. That was down from the 136 jets it delivered in the second quarter of 2023 but up from the 83 it delivered in the 2024 first quarter.

Orders for the June quarter came in at 25, down from 131 in the first quarter and from 407 last year.

The company is scheduled to report full results for the second quarter on July 31. Analysts surveyed by Capital IQ are forecasting revenue of $17.68 billion for the period, which implies a more than $2 billion drop from the $19.75 billion it reported for the same period a year ago.

Airbus on Monday reported 67 aircraft deliveries, down 7% year over year but its highest monthly total for the year, according to company data and an analysis from Truist Securities. Airbus secured 73 orders in June, which marked a sequential improvement from 27, Truist said Tuesday.

"Order activity remains limited at Boeing ( BA ), but rebounded nicely for Airbus for narrow and wide body platforms," Truist Managing Director Michael Ciarmoli said. "While supply chain constraints persist, as evidenced by Airbus' lowering of its full-year delivery target last month, we view the June delivery totals as incrementally encouraging and would expect order activity to get a boost at this month's Farnborough Airshow."

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