financetom
Business
financetom
/
Business
/
Boeing jet deliveries fall to 13 in November after strike ends
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing jet deliveries fall to 13 in November after strike ends
Dec 10, 2024 8:30 AM

Boeing ( BA ) delivered 13 commercial jets in November, less than a quarter of the 56 jetliners it handed over to customers 12 months earlier, the U.S. planemaker reported on Tuesday.

Deliveries were down from 14 in October, when most of the company's aircraft production was still shut down during a seven-week-long strike that ended Nov. 5.

Boeing ( BA ) restarted production of its best-selling 737 MAX last week, which was first reported by Reuters.

The U.S. planemaker is trying to increase 737 production to a rate of 38 a month to generate much-needed revenue after it burned billions of dollars in cash during the first three quarters. However, it has been under heightened oversight by the U.S. Federal Aviation Administration since a door plug blew out of a nearly new Alaska Airlines 737 MAX 9 during a January flight.

The company plans to resume production of its 767, 777 and 777X in Everett "in the days ahead," Boeing ( BA ) said in a statement. Boeing 787 production in South Carolina was not affected by the strike.

Boeing ( BA ) has said that it is taking a cautious approach to restarting production and has prioritized quality, safety and worker training. That approach is reflected in the month's lower delivery numbers, the company said. 

November's deliveries included nine 737s, two 777 freighters and two 787-9s, according to the company. U.S. carrier United Airlines took delivery of three aircraft, including two 737 MAXes and one 787.

By comparison, after Boeing's ( BA ) last strike ended in November 2008, it delivered four aircraft that month.

The company booked 49 gross orders during the month with 14 cancellations, including 34 737s and 15 767s for the U.S. Air Force's KC-46 program.

Germany-based TUI canceled orders for 14 and will instead lease the planes from BOC Aviation ( BCVVF ), resulting in a net addition of 20 new 737 MAX orders.  

Year to date, Boeing ( BA ) has booked 427 gross orders and 370 net orders after cancellations and conversions. After also adjusting for accounting standards, Boeing ( BA ) booked 191 net orders.

Boeing's ( BA ) European rival Airbus delivered more than 80 jets in November, Reuters reported earlier this month.

(Reported by Dan Catchpole in Seattle; Editing by Mark Porter)

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 >
Goldman Sachs Gears Up For Q3 Reveal: Will Its Earnings Shine Like Other Major Banks?
Goldman Sachs Gears Up For Q3 Reveal: Will Its Earnings Shine Like Other Major Banks?
Oct 17, 2024
The third-quarter earnings season for U.S. banks is in full swing with Goldman Sachs Group, Inc. ( GS ) set to report its third-quarter financial results on Tuesday before the opening bell.  JP Morgan, Wells Fargo Set The Stage The major banks' earnings season kicked off last Friday with JP Morgan & Co. and Wells Fargo & Co ( WFC...
Britain has no plans for EU-style tariffs on Chinese EVs
Britain has no plans for EU-style tariffs on Chinese EVs
Oct 17, 2024
LONDON (Reuters) - Britain does not plan to follow the European Union in imposing tariffs on imports of electric vehicles from China as UK businesses have not raised a complaint to be investigated, British trade minister Jonathan Reynolds said on Monday. Earlier this month, EU member states narrowly backed import duties on Chinese-made EVs of up to 45%, meant to...
Legendary Entertainment buys out Dalian Wanda's stake in the studio
Legendary Entertainment buys out Dalian Wanda's stake in the studio
Oct 17, 2024
Oct 14 (Reuters) - Legendary Entertainment on Monday said it had completed a buyout of Chinese conglomerate Dalian Wanda Group's remaining stake in the movie studio and will be wholly owned by Apollo Global. ...
Update: Workers at 2 Hilton Hotel Locations In Seattle Go on Strike
Update: Workers at 2 Hilton Hotel Locations In Seattle Go on Strike
Oct 17, 2024
01:09 PM EDT, 10/14/2024 (MT Newswires) -- (Adds Hilton's response in the fourth paragraph.) Hilton Worldwide's ( HLT ) unionized hotel workers have expanded their series of temporary walkouts in recent days to include two additional locations in Seattle in an ongoing dispute with management over wages, scheduling and other benefits. The Unite Here union said on Saturday that 374...
Copyright 2023-2026 - www.financetom.com All Rights Reserved