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Boeing Stock Soars After Rosy Update on Cash Burn, Jet Deliveries

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Published: Monday, 14 April 2025 17:40

The jet maker said it could deliver more planes this quarter than previously forecast. Boeing's chief financial officer said the jet maker was on track to deliver more planes and burn less cash this quarter than previously expected, boosting its stock early Wednesday.

“We think we’re off to a good start for the year,” Chief Financial Officer Brian West said at an investor conference.

Boeing burned through nearly $14 billion last year as it waded through a quality-control crisis and other snafus, and previously said it expected to add $4 billion to that tally this quarter.

But West said Wednesday the company may burn hundreds of millions of dollars less than anticipated.

He also said jet deliveries could be higher than previously expected. Boeing delivered 89 planes in January and February, up from 54 in the first two months of 2024 immediately following the Alaska Airlines fuselage panel blowout.

Boeing shares rose more than 6% in morning trading following West's comments.

West said the company wasn't sweating the potential financial fallout from tariffs at this point.

The vast majority of parts for Boeing’s commercial and military jets and other equipment comes from the U.S., and the company has an extensive parts backlog after production was slowed or shut down for much of last year.

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Boeing’s 737 MAX Deliveries Fell Last Month

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Published: Monday, 07 April 2025 17:39

A Boeing 737-800 operated by Virgin Australia. Boeing needs to churn out more 737 narrowbodies to shore up its finances.

Boeing delivered jets at a steady clip in February, but shipped out fewer of its profitable 737 MAXs than in January.

The aerospace company delivered 44 planes last month, including 32 737s. That was down from 40 737 deliveries the month before.

Boeing needs to churn out more of the bestselling 737 narrowbodies to shore up its finances. Analysts say Boeing is approaching the 38-per-month rate Chief Executive Kelly Ortberg says is needed for the company to turn cash-flow positive.

February’s tally of deliveries also included five 787 Dreamliners, five of its soon-to-be-discontinued 767s and a pair of 777 freighters. China was a big recipient, accounting for eight of the deliveries.

Boeing booked 13 orders in February, all for MAX planes. Its backlog was 5,528 planes at the end of February.

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ANA to Order $14 Billion of Jets From Boeing, Airbus, Embraer

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Published: Monday, 31 March 2025 17:39

Foreign visitor arrivals to Japan rose 47% to a record 36.9 million in 2024

ANA Holdings announced on Tuesday that it has decided to order up to 77 aircraft from the three companies

ANA Holdings plans to buy more than $14 billion of jets from Boeing, Airbus and Embraer, partly to meet rising travel demand to Japan.

The Japanese airline on Tuesday said it decided to order up to 77 aircraft from the three companies to support medium- to long-term international growth and meet demand changes in its domestic operations. The carrier had restricted fleet renewal during the pandemic.

The planes have a total catalog price of about 2.158 trillion yen, equivalent to $14.41 billion, and are expected to be delivered by around 2033.

ANA said the group’s fleet will rise to about 320 jets by around 2030.

ANA said it will order 18 Boeing 787-9s in anticipation of strong travel demand between Asia and North America. For domestic routes, it will order up to 20 Embraer E190-E2s, which the company hopes will help reduce fuel consumption. It will also order up to 39 other planes primarily to update its current fleet.

Foreign visitor arrivals to Japan rose 47% to a record 36.9 million in 2024, according to the Japan National Tourism Organization.

In March last year, Japan Airlines said it planned to buy 42 jets from Airbus and Boeing to be delivered over the next decade. Catalog prices of the 42 aircraft totaled Y1.870 trillion, according to figures provided by the company.

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New Boeing Boss Gets $18.4 Million in Pay for 2024

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Published: Monday, 24 March 2025 17:39

Boeing’s new CEO made $18.4 million in compensation last year after taking over the beleaguered jetmaker in August.

CEO Kelly Ortberg’s pay for the five months on the job included $16 million in stock and options, a salary of $525,000 and a $1.25 million signing bonus, Boeing said Friday in a regulatory filing.

Ousted CEO David Calhoun received $15 million, including $1.3 million in salary and equity awards valued at $13.2 million. That’s less than half of the $33 million Calhoun received, mostly stock compensation, in 2023.

Calhoun received no buyout and neither leader received performance bonuses for a year that started with a near-catastrophic fuselage-panel blowout on an Alaska Airlines flight and culminated in a strike by the company’s largest union.

Most of the company's top executives received lower overall pay last year compared to 2023.

Boeing is burning through billions of dollars and, in addition to the quality crisis in its commercial airline manufacturing operations, it is struggling with a money-losing defense business and troubled space program.

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