Boeing Reports April Deliveries Of 24 Commercial Jets Including 16 737 Max; Deliveries YTD Of 107 Aircraft Including 83 737 Family; April Deliveries Of Four 787 Dreamliner Jets; 7 Gross Aircraft Orders In April; 33 Cancellations Due Largely To Cessation Of Canadian Budget Carrier Lynx Air's Operations; 100 Orders Net Of Cancellations/conversions Year To Date; 138 Gross Aircraft Orders Year To Date
Portfolio Pulse from Benzinga Newsdesk
Boeing reported April deliveries of 24 commercial jets, including 16 737 Max and 4 787 Dreamliner jets, with year-to-date deliveries totaling 107 aircraft. The company received 7 gross aircraft orders in April but faced 33 cancellations, primarily due to Lynx Air ceasing operations, leading to 100 net orders after cancellations and conversions for the year. The total gross orders for the year stand at 138.
May 14, 2024 | 3:01 pm
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NEUTRAL IMPACT
Boeing's April performance shows a mixed picture with a solid number of deliveries but a significant number of cancellations, primarily due to Lynx Air's cessation. The net orders stand at 100 year-to-date, reflecting resilience in order bookings despite challenges.
The delivery of 24 jets in April, including high-demand models like the 737 Max and 787 Dreamliner, indicates ongoing operational strength and demand for Boeing's aircraft. However, the 33 cancellations, largely attributed to the cessation of Lynx Air, could raise concerns about future order stability. The net order count of 100, despite these cancellations, suggests a resilient order book. This mixed outcome could lead to a neutral short-term impact on Boeing's stock as positive delivery numbers may offset concerns over cancellations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90