Boeing beats Q2 revenue estimates on 14% jump in commercial deliveries

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Boeing reported better-than-expected second-quarter revenue, driven by a 14% year-over-year increase in commercial aircraft deliveries. Seeking Alpha analysts Dhierin Bechai and Daniel Jones see the company moving in the right direction, with Bechai highlighting sustainable delivery growth and a production ramp-up to 57 Boeing 737 MAX aircraft per month, while Jones notes the FAA has authorized Boeing to resume issuing airworthiness certificates for all 737 MAX and 787 aircraft. Boeing aims to generate positive free cash flow of between $1 billion and $3 billion this year on 500 deliveries, and expects certification of the 737-7 and 737-10 variants soon, with deliveries starting next year. Over the longer term, Boeing’s 20-year outlook forecasts global commercial aircraft fleet growth from about 28,000 to around 50,000 units by 2045, with total production of roughly 43,625 aircraft during that period. On the defense side, Bechai points to substantial opportunities but notes ongoing cost overruns on the VC-25B program, with deliveries expected by 2028.

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14% increase in commercial deliveries and production ramp-up to 57 MAX per month

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