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A Boeing 737-800 operated by Virgin Australia. Boeing needs to churn out more 737 narrowbodies to shore up its finances.
Boeing delivered jets at a steady clip in February, but shipped out fewer of its profitable 737 MAXs than in January.
The aerospace company delivered 44 planes last month, including 32 737s. That was down from 40 737 deliveries the month before.
Boeing needs to churn out more of the bestselling 737 narrowbodies to shore up its finances. Analysts say Boeing is approaching the 38-per-month rate Chief Executive Kelly Ortberg says is needed for the company to turn cash-flow positive.
February’s tally of deliveries also included five 787 Dreamliners, five of its soon-to-be-discontinued 767s and a pair of 777 freighters. China was a big recipient, accounting for eight of the deliveries.
Boeing booked 13 orders in February, all for MAX planes. Its backlog was 5,528 planes at the end of February.
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Foreign visitor arrivals to Japan rose 47% to a record 36.9 million in 2024
ANA Holdings announced on Tuesday that it has decided to order up to 77 aircraft from the three companies
ANA Holdings plans to buy more than $14 billion of jets from Boeing, Airbus and Embraer, partly to meet rising travel demand to Japan.
The Japanese airline on Tuesday said it decided to order up to 77 aircraft from the three companies to support medium- to long-term international growth and meet demand changes in its domestic operations. The carrier had restricted fleet renewal during the pandemic.
The planes have a total catalog price of about 2.158 trillion yen, equivalent to $14.41 billion, and are expected to be delivered by around 2033.
ANA said the group’s fleet will rise to about 320 jets by around 2030.
ANA said it will order 18 Boeing 787-9s in anticipation of strong travel demand between Asia and North America. For domestic routes, it will order up to 20 Embraer E190-E2s, which the company hopes will help reduce fuel consumption. It will also order up to 39 other planes primarily to update its current fleet.
Foreign visitor arrivals to Japan rose 47% to a record 36.9 million in 2024, according to the Japan National Tourism Organization.
In March last year, Japan Airlines said it planned to buy 42 jets from Airbus and Boeing to be delivered over the next decade. Catalog prices of the 42 aircraft totaled Y1.870 trillion, according to figures provided by the company.
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Boeing’s new CEO made $18.4 million in compensation last year after taking over the beleaguered jetmaker in August.
CEO Kelly Ortberg’s pay for the five months on the job included $16 million in stock and options, a salary of $525,000 and a $1.25 million signing bonus, Boeing said Friday in a regulatory filing.
Ousted CEO David Calhoun received $15 million, including $1.3 million in salary and equity awards valued at $13.2 million. That’s less than half of the $33 million Calhoun received, mostly stock compensation, in 2023.
Calhoun received no buyout and neither leader received performance bonuses for a year that started with a near-catastrophic fuselage-panel blowout on an Alaska Airlines flight and culminated in a strike by the company’s largest union.
Most of the company's top executives received lower overall pay last year compared to 2023.
Boeing is burning through billions of dollars and, in addition to the quality crisis in its commercial airline manufacturing operations, it is struggling with a money-losing defense business and troubled space program.
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Loss of factory that made fasteners for jets threatens Boeing’s plan to get production back on track; ‘We’ll get through it,’ CEO says
The fire at SPS Technologies, in Abington Township, Pa., broke out Feb. 17 and took several days to extinguish.
A fire tore through an airplane-parts factory last month in suburban Philadelphia, decimating the century-old plant. Boeing BA -0.17%decrease; red down pointing triangle has been racing ever since to size up whether it will delay the jet maker’s turnaround plans.
Equal in size to about 10 football fields, the factory, operated by a Berkshire Hathaway BRK.B 0.02%increase; green up pointing triangle company, was the sole supplier of some critical fasteners used in Boeing planes. Fallout from the blaze now threatens the aerospace company’s effort to get its manufacturing operations back on track.
Boeing is searching to find alternative suppliers, but replacing the parts isn’t an easy task. Many might look like typical bolts, but the fasteners must be manufactured to hold up to the demands of air travel, and some of the designs are complex. They are used in jet engines, landing gear and other parts of the plane.
The plant’s loss won’t have an immediate effect on production, the company said, but suppliers and analysts expect fallout as Boeing works through its parts supply.
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