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Boeing said to deliver 32 MAX jets in October, fewest in nearly a year
Boeing delivered about 32 737 MAX jets in October, according to a Bloomberg report based on Cirium data and an analyst note, down from 43 in September. The article says this was the fewest since last November and that Boeing expects longer delays in raising production.
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What happened
Boeing delivered about 32 737 MAX jets in October, according to a Bloomberg report based on Cirium data and an analyst note, down from 43 in September. The article says this was the fewest since last November and that Boeing expects longer delays in raising production.
Confirmed
Global impact / market context
Fewer deliveries can slow Boeing’s cash coming in because aircraft deliveries are a way for the company to generate revenue. If production takes longer to increase, Boeing may also have less room to meet annual delivery goals, potentially delaying progress in improving its finances.
Analyst inference
The article notes that manufacturers typically deliver more aircraft in the final quarter as they work toward annual guidance, meaning management’s stated delivery targets. Boeing’s lower October count and longer production ramp may therefore make the remaining delivery schedule more important to its cash-flow plans.
Analyst inference
What to watch
- Check whether Boeing’s delivery count rises in the remaining quarter, since the article says aircraft makers typically deliver more late in the year to meet annual goals. Analyst inference
- Watch for updated Boeing comments on how quickly it can increase 737 MAX production; the company said the increase will take longer than expected. Confirmed
- Compare later delivery totals with the article’s reported September figure of 43 and October figure of about 32 to judge whether the slowdown is continuing. Analyst inference