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Boeing delivers 33 jets in September as strike weighs on output
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Boeing delivers 33 jets in September as strike weighs on output
Oct 10, 2024 11:54 PM

Oct 8 (Reuters) - Boeing ( BA ) said on Tuesday it

delivered 33 jets in September, down from 40 plane deliveries in

August, as a strike mid-month by around 33,000 U.S. West Coast

factory workers weighs on output.

Boeing's ( BA ) September deliveries were up by six jets from the

same month in 2023, when the U.S. planemaker handed over fewer

of its strong-selling 737 MAX planes to customers as it

struggled with work needed to correct a manufacturing defect.

The strike, which started on Sept 13, has halted production

of the MAX, along with Boeing's ( BA ) 777 and 767 widebody jets,

hitting a revenue-driver at a time when the company was already

struggling with lower narrowbody production due to a quality

crisis and weak margins in its defense business.

Boeing ( BA ) handed over 27 MAX jets to customers last month,

including five to United Airlines, and three each to

customers Ryanair, and Southwest Airlines ( LUV ), whose

CEOs have expressed concern over lower deliveries.

Investors closely watch delivery numbers, as airplane makers

receive the majority of payment for a jet when it is transferred

to a customer. Boeing ( BA ) has said it expects a reduction in

deliveries going forward due to the strike.

Boeing ( BA ) also booked 65 gross orders during September,

including 54 737 MAXs and 11 777 freighters for unidentified

customers. On September 19, China Development Bank Financial

Leasing said its aircraft leasing unit would order 50

Boeing MAX jets.

Boeing's ( BA ) gross order total so far this year through Sept 30

rose to 315. After removing cancellations and conversions,

Boeing ( BA ) posted a net total of 272 orders since the start of 2024.

Following further accounting adjustments, Boeing ( BA ) reported

adjusted net orders of 121 airplanes so far this year.

Year-to-date through September 30, Boeing ( BA ) delivered 291

airplanes, including 225 MAX jets.

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