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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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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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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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Loss of factory that made fasteners for jets threatens Boeing’s plan to get production back on track; ‘We’ll get through it,’ CEO says
The fire at SPS Technologies, in Abington Township, Pa., broke out Feb. 17 and took several days to extinguish.
A fire tore through an airplane-parts factory last month in suburban Philadelphia, decimating the century-old plant. Boeing BA -0.17%decrease; red down pointing triangle has been racing ever since to size up whether it will delay the jet maker’s turnaround plans.
Equal in size to about 10 football fields, the factory, operated by a Berkshire Hathaway BRK.B 0.02%increase; green up pointing triangle company, was the sole supplier of some critical fasteners used in Boeing planes. Fallout from the blaze now threatens the aerospace company’s effort to get its manufacturing operations back on track.
Boeing is searching to find alternative suppliers, but replacing the parts isn’t an easy task. Many might look like typical bolts, but the fasteners must be manufactured to hold up to the demands of air travel, and some of the designs are complex. They are used in jet engines, landing gear and other parts of the plane.
The plant’s loss won’t have an immediate effect on production, the company said, but suppliers and analysts expect fallout as Boeing works through its parts supply.
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European plane maker posts higher revenue and profit for the first quarter
Airbus posted higher revenue and profit for the first quarter, backed its goal to deliver more planes this year than in 2023 and decided to increase production of its A350 wide-body jets, extending its lead over beleaguered rival Boeing.
The European plane maker confirmed its target to deliver about 800 commercial aircraft to customers this year, more than the 735 planes it dispatched in 2023.
Airbus’s optimism that deliveries will keep growing comes as Boeing grapples with the fallout from an Alaska Airlines emergency landing in January after a door plug ripped away in midair, prompting a temporary grounding and immediate inspections of Boeing 737 MAX jets.
Airbus handed 142 planes to customers in the first quarter, up nearly 12% versus a year ago. Boeing, on the other hand, delivered just 83, a 36% drop from a year ago.
The U.S. company, under pressure from airlines and regulators to ensure safety and quality in its production processes, reported a net loss and declining revenue in the first quarter, showing diverging fortunes with Airbus.
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The European plane maker said that it will book charges of about €900 million in the first half of 2024
Airbus said it won’t be meeting its annual targets for the year, including the number of commercial aircraft it planned to deliver, after its space-systems management team identified further commercial and technical challenges.
The European plane maker on Monday said that it will also book charges of about €900 million ($962.5 million) in the first half of 2024 following an extensive review of its space-systems programs.
Airbus expects to end the year delivering 770 commercial aircraft, down from a prior outlook of 800 commercial aircraft deliveries a couple of months ago.
The company said its A320 ramp-up trajectory has been adjusted to reflect specific supply-chain challenges in a degraded operating environment, and that its target production rate of 75 A320 Family aircraft a month is now set to be reached a year later, in 2027.
Airbus also forecasts adjusted earnings before interest and taxes of about €5.5 billion, below the €6.5 billion to €7 billion expected previously.
Airbus’s free cash flow before customer financing expectations have also been lowered to €3.5 billion from €4 billion, the company said.
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Machinist strike and Pentagon projects sap manufacturer’s cash flow. Boeing lost roughly $4 billion in the most recent quarter, when the jet maker was hit by a debilitating strike, suffered mounting losses in troubled U.S. government projects and incurred costs tied to sweeping job cuts rolled out at the end of the year.
The manufacturing giant warned investors that it generated less revenue and racked up bigger losses than Wall Street anticipated. Thursday’s warning came before Boeing was scheduled to release its full results on Tuesday. Shares fell in after-hours trading.
The $4 billion expected loss includes big write-downs on money-losing projects for the Pentagon and in the company’s commercial jet business. Wall Street had expected Boeing to book a roughly $1 billion quarterly loss for the period.
Boeing said it expects to report revenue of $15.2 billion for the latest quarter, compared with Wall Street’s forecast of $16.6 billion. Its operations had negative cash flow of $3.5 billion in the December quarter, coming in slightly better than investors had feared.
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The airline has cut the target for a second time to 206 million passengers
Ryanair said it expects to fly fewer passengers than hoped in fiscal 2026, cutting its passenger growth target yet again, due to Boeing plane delivery delays.
The Irish budget airline said Monday that although the production of Boeing 737 planes was recovering from the strikes of last year, the U.S. plane maker wasn’t expected to deliver enough aircraft to meet Ryanair’s fiscal 2026 passenger growth goal.
The company cut its target for a second time to 206 million passengers. It had trimmed its passenger growth guidance in early November to 210 million from 215 million and warned at the time that the risk of further delivery delays from Boeing remained high.
The company flew 183.7 million passengers in the year to March 2024. It said it expects to fly almost 200 million passengers in fiscal 2025.
Ryanair said it hoped the delivery of 29 remaining Boeing Gamechangers before March of next year would allow it to recoup its delayed traffic growth in summer 2026. The company had 172 Boeing Gamechangers in its fleet as of the end of December, out of an order of 210.
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