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Boeing delivered 33 airplanes in September, marking an increase of six compared to the same period last year. This comes as the company navigates a machinist strike, now in its fourth week, with close attention to its impact. So far this year, Boeing has handed over 291 aircraft, a decrease from the 371 delivered in the first nine months of 2023. In contrast, rival Airbus has already delivered 447 airplanes by August.
The deliveries in September were largely driven by 27 of Boeing’s popular 737 Max aircraft, with customers including United Airlines, Ryanair, and Southwest Airlines each receiving several planes. Deliveries are crucial for Boeing, as customers typically pay the bulk of the price upon receiving the aircraft. The manufacturing of these aircraft takes place in Renton, Washington, where machinists recently went on strike after rejecting a tentative agreement reached with their union. Despite a sweetened offer from Boeing, the strike continues with negotiations ongoing.
Aerospace analyst Sheila Kahyaoglu predicts that if the strike ends in October, Boeing will be producing 25 Max aircraft per month, delaying the planned ramp-up to 38 Maxes a month by a year. Quarterly financial results are scheduled to be reported on October 23, which will provide insight into the strike’s financial impact. September deliveries also included four 787 Dreamliner planes from Boeing’s nonunion factory in South Carolina, along with 66 gross orders for new aircraft. Boeing has faced challenges this year, including a safety incident involving a 737 Max 9 in January. Despite these issues, the company maintains a backlog of 5,456 aircraft.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.