Boeing, the major American aircraft manufacturer, has reported that it delivered 27 airplanes in February, one less than the same month last year. This comes as the company continues to face restrictions in production growth due to recent incidents. On January 5, a door plug on a 737 MAX 9 jet came off during a flight, causing an accident. As a result, the U.S. Federal Aviation Administration (FAA) grounded the MAX 9 for several weeks and temporarily limited Boeing's production of the MAX model.
.gif)
As of now, Boeing has delivered 54 airplanes this year, which includes 42 MAX jets. This is fewer than the 66 reported in the first two months of last year. Boeing's Chief Financial Officer Brian West, speaking at the TD Cowen Aerospace & Defense Conference last month, acknowledged the challenges the company is facing and stated that they need to stabilize and increase the supply chain and their own factory. However, he expressed confidence that they will be able to achieve this.
In addition to the delivery figures, Boeing also reported that it had received 15 new orders in February, bringing the gross total to 18 so far this year. After accounting for cancellations and conversions, the company posted a net total of 15 orders since the beginning of the year. After further accounting adjustments to reflect the quality of the backlog, Boeing reported adjusted net orders of 19 airplanes so far this year.
Meanwhile, European rival Airbus has announced that it received 33 gross orders for the first two months, with no cancellations, and delivered 79 aircraft since the start of 2024. Both companies are facing challenges in the current market, and it remains to be seen how they will respond to these challenges in the coming months.