MAX Grounding Puts Boeing on Track for Lowest Deliveries in Eight Years
September 10 2019 - 11:55AM
Dow Jones News
By Doug Cameron
Boeing Co. delivered 18 jetliners in August, leaving the
aerospace giant on track for its lowest annual total in eight
years.
The plane maker said Tuesday that it delivered 276 planes
through August compared with 481 at the same point in 2018,
trailing analysts' estimates for around 500 deliveries by that
point in 2019.
Deliveries halted after two 737 MAX planes crashed within six
months, leading regulators to ground the aircraft globally.
Boeing has maintained its July guidance for securing approval
for the MAX to fly again early in the fourth quarter, allowing it
to resume deliveries. But Boeing has yet to submit the required
changes to the scrutiny of global regulators.
Airbus SE shipped 42 planes in August, taking its year-to-date
total to 500.
Boeing has also suffered setbacks in other programs, with 787
output at its North Charleston, S.C., facility closed last week
because of Hurricane Dorian. Testing of its delayed 777X jetliner
has also been interrupted following a testing failure last
week.
Boeing secured nine orders last month, including two 737
business jets. It booked no MAX deals for the sixth month in
succession. Airbus has secured 95 orders so far this year, after
cancellations.
Write to Doug Cameron at doug.cameron@wsj.com
(END) Dow Jones Newswires
September 10, 2019 11:40 ET (15:40 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Boeing (NYSE:BA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Boeing (NYSE:BA)
Historical Stock Chart
From Sep 2023 to Sep 2024