Boeing deliveries in March soar by 41% compared to year earlier
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Boeing’s production and deliveries have been hampered in the last year by a labour strike, regulatory scrutiny and supply chain bottlenecks.
PHOTO: REUTERS
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SEATTLE – Boeing delivered 41 jets in March, up from 29 during the same month a year ago, it said on April 8, though the figure is slightly lower than the 45 handed over in January and 44 in February.
Through the first three months of the year, Boeing delivered 130 jets, including 104 of its best-selling 737 MAX. That is up from just 83 jet deliveries, including 66 MAXs, during the first quarter of 2024.
Boeing’s production and deliveries have been hampered in the last year by a labour strike
Key Boeing component supplier Howmet Aerospace highlighted the risk when it told customers that tariffs implemented by US President Donald Trump could force it to halt some shipments.
Boeing’s European rival Airbus delivered 71 airplanes in March and 136 jets during the first three months of the year. A shortage of jet engines from GE and Safran joint venture CFM International constrained deliveries, according to Airbus.
Aircraft deliveries are closely tracked by Wall Street because plane-makers collect the majority of their payment when they hand over jets to customers. Years of crises and production problems have left Boeing heavily saddled with debt, and it needs to increase deliveries to bring in more cash.
Boeing had its busiest month of the year so far for new orders in March, booking 163 net orders.
Of the orders, 88 were for 737 MAX aircraft, including 50 from Singapore-based leasing company BOC Aviation and 17 for Japan Airlines.
Through the first three months of the year, Boeing has booked 241 new orders. Adjusted for cancellations and conversions, it recorded 204 net orders, increasing its order backlog to 5,648. REUTERS
