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Boeing keeps up strong delivery pace in October

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Boeing keeps up strong delivery pace in October

Boeing delivered 53 jets in October, bringing its year-to-date total to 493, and recorded a net of 8 new orders after cancellations, including 39 737 MAX jets and 13 widebody aircraft. The company is on track for its highest annual delivery total since 2018, signaling a continued recovery from past production challenges, and recently received approval to increase 737 output to 42 jets per month. Despite trailing rival Airbus in overall deliveries, Boeing has secured a robust 320 orders for its 787 Dreamliner year-to-date, reflecting strong demand for its widebody aircraft.

Analysis

Boeing delivered 53 jets in October, contributing to a year-to-date total of 493, positioning the company for its highest annual delivery volume since 2018's 806 units. This includes 39 737 MAX jets and 13 widebody aircraft, signaling a continued recovery in production output following past crises. The company's commercial airplane division, under CEO Kelly Ortberg, is focused on improving production quality for 2025, supported by recent federal approval to increase 737 output from 38 to 42 jets per month. Despite these advancements, Boeing still trails European rival Airbus, which delivered 585 airplanes in the first ten months of the year. October saw a net of eight new orders for Boeing, comprising 15 new orders offset by seven cancellations. Notably, the company has secured 320 orders for its 787 Dreamliner year-to-date, marking its second-highest annual total for the model since 2007, and is expanding production facilities in South Carolina to meet this demand. The robust order backlog now stands at 5,911 aircraft, reflecting strong underlying demand.

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