Boeing orders, deliveries slip in January, before massive Air India jetliner sale

Business

In this article

A Boeing 737 MAX 10 airliner pauses while taxiing on the flight line before its first flight at Renton Municipal Airport on June 18, 2021 in Renton, Washington.
Stephen Brashear | Getty Images

Boeing‘s aircraft orders and deliveries slipped in January from a month earlier.

Boeing delivered 38 jetliners last month, 35 of them its bestselling 737 Max planes, down from a total of 69 planes in December. The delivery count was still was higher than the 32 planes Boeing handed over to customers in January 2022.

The figures don’t include a massive order from Air India for nearly 500 new planes from the manufacturer and its chief rival, Airbus, which was formalized earlier Tuesday.

Air India ordered at least 220 Boeing planes and 250 Airbus planes, making the combined sale the biggest aircraft order ever as airlines prepare for a further recovery in air travel as Covid pandemic travel concerns wane.

Last month, Boeing said it planned to ramp up output of its 737 Max to 50 planes a month in 2025 or 2026, though it’s been cautious about increases beyond the current pace of 31 per month because of instability in the supply chain.

The company logged 55 gross orders in January, netting orders for 16 new planes after 39 cancellations.

Boeing’s CFO, Brian West, will brief analysts and investors during a Cowen industry conference on Wednesday morning.

Articles You May Like

Cerebras stock plunges 14% after second earnings report following IPO
Refiner stocks are on a nearly unprecedented run. History says it could end soon
Home sellers start getting lower prices at 70, research shows — and the gap widens with age
Synchrony, credit card issuer to Amazon and Walmart, partners with OpenAI for ChatGPT shopping
Disney CEO Josh D’Amaro tells CNBC parks were ‘big surprise’ in last quarter, company has ‘clarity’ and ‘stability’

Leave a Reply

Your email address will not be published. Required fields are marked *