Key Points
- Boeing delivered 60 planes in June, representing a 27% increase compared to the same month last year.
- The company resumed deliveries to China, sending eight jets after a temporary ban was lifted.
- Higher delivery numbers are crucial for Boeing’s financial recovery, as it receives payment upon delivery.
- Boeing also booked 116 new orders but had a small cancellation from Singapore Airlines.
Boeing had a strong month in June, delivering 60 airplanes, a 27% increase from the same time last year. A big reason for the increase was the delivery of eight jets to Chinese customers. This marks the first time China has accepted new Boeing planes since a trade dispute between the two countries temporarily halted deliveries.
This news is a significant development for Boeing, as the company is working to recover from years of production issues and financial challenges. Investors watch delivery numbers closely because planemakers collect the bulk of their payment when they hand jets over to airlines. Ramping up deliveries is crucial for Boeing to stabilize its finances and pay down its debt.
The June numbers included 42 of its best-selling 737 MAX jets, along with several larger 787 and 777 aircraft. Of the planes sent to China, five were 737 MAX models. The company’s deliveries for the first half of the year now stand at 280 jets, showing steady progress toward its recovery goals.
On the sales front, Boeing booked 116 new orders in June, including large deals with British Airways and Alaska Airlines. While this was a solid number, it was a drop from May’s historic tally. The month also saw a small setback, as Singapore Airlines cancelled an order for three 737 MAX jets.
Meanwhile, Boeing’s main rival, Airbus, also had a solid month. The European planemaker matched Boeing’s performance by delivering 60 of its aircraft in June, highlighting the intense competition in the global aviation market.
