financetom
Business
financetom
/
Business
/
Boeing delivers 33 jets in September as strike weighs on output
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing delivers 33 jets in September as strike weighs on output
Oct 10, 2024 11:56 PM

(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.

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 >
Eos Energy Enterprises Reports 2024 Preliminary Revenue, Issues 2025 Revenue Guidance
Eos Energy Enterprises Reports 2024 Preliminary Revenue, Issues 2025 Revenue Guidance
Jan 16, 2025
09:17 AM EST, 01/16/2025 (MT Newswires) -- Eos Energy Enterprises ( EOSE ) reported full-year 2024 preliminary revenue Thursday of $15 million. Analysts polled by FactSet expect $14.6 million. For 2025, the company said it expects revenue to be in the range of $150 million to $190 million. Analysts surveyed by FactSet expect $197.9 million. The 2025 revenue growth is...
Meta Platforms, Snap Shares Are Moving Lower Thursday: What's Going On?
Meta Platforms, Snap Shares Are Moving Lower Thursday: What's Going On?
Jan 16, 2025
Meta Platforms Inc ( META ) and Snap Inc ( SNAP ) shares are trading lower Thursday following a report suggesting President-elect Donald Trump is considering an executive order to save TikTok from being banned in the U.S. What Happened: According to the Washington Post, Trump has been considering ways to save popular video sharing app TikTok from being banned...
Priority Technology Prices Secondary Offering of 9.1 Million Shares
Priority Technology Prices Secondary Offering of 9.1 Million Shares
Jan 16, 2025
09:23 AM EST, 01/16/2025 (MT Newswires) -- Priority Technology Holdings ( PRTH ) said Thursday a secondary offering by certain shareholders of about 9.1 million common shares has been priced at $7.75 apiece, with an option for underwriters to buy up to an additional 1.36 million shares within 30 days. The company said it will not sell shares or receive...
Kootenay Silver Reported Additional Drilling at Columba Project Chihuahua, Mexico; Rose 4.2% on Wednesday
Kootenay Silver Reported Additional Drilling at Columba Project Chihuahua, Mexico; Rose 4.2% on Wednesday
Jan 16, 2025
09:17 AM EST, 01/16/2025 (MT Newswires) -- Kootenay Silver ( KOOYF ) , which jumped 4.2% yesterday, earlier on Thursday provided results from seven new drill holes at the Columba High Grade Silver Project. Among highlights, it cited highs to 1,440 gpt silver And 3.1% lead-zinc at the Main Zone. The company in a statement noted the batch reported comprises...
Copyright 2023-2026 - www.financetom.com All Rights Reserved