Market Intelligence: -Airline Aircraft Orders

Global aircraft manufacturer and United States headquartered the Boeing Company recorded second quarter revenue of $19.8 billion. Second quarter results reflect higher commercial volume.

“We had a solid second quarter with improved deliveries and strong free cash flow generation. We are well positioned to meet the operational and financial goals we set for this year and for the long term,” said Dave Calhoun, Boeing president and chief executive officer. “While we have more work ahead, we are making progress in our recovery and driving stability in our factories and the supply chain to meet our customer commitments. With demand strong, we’re steadily increasing our production rates across key programs and growing investments in our people, products and technologies.”

Summary of the report:

Production/Deliveries

• Commercial Airplanes second quarter revenue increased to $8.8 billion driven by higher 787 deliveries.
• The 737 program is transitioning production to 38 per month and plans to reach 50 per month in the 2025/2026 timeframe. The program still expects to deliver 400-450 airplanes this year.
• The 787 program increased production to four per month with plans to ramp to five per month in late 2023 and 10 per month in the 2025/2026 timeframe. The program still expects to deliver 70-80 airplanes this year.
• Commercial Airplanes delivered 136 airplanes during the quarter and backlog included over 4,800 airplanes.

Orders

•  Commercial Airplanes booked 460 net orders, including 220 for Air India and 39 for Riyadh Air, and secured a commitment from Ryanair for up to 300 737 MAX airplanes.

Source: Excerpts from Boeing Press Release
Photo Credit: Boeing (shown as meta image)