Boeing’s Deliveries and Orders Drop Sharply in Second Quarter

In the recent quarter, aerospace giant Boeing experienced a substantial drop in both aircraft deliveries and new orders, mainly due to ongoing quality control issues, which have slowed down its operations.

According to a statement from Boeing, total commercial aircraft deliveries fell by 32% to 92 jets in the second quarter compared to the same period last year. This decline was primarily caused by a reduction in deliveries of the narrow-body 737 MAX and the wide-body 787 Dreamliner aircraft.

The Virginia-based company delivered 69 of its flagship 737 MAX aircraft in the second quarter, representing a 31% decrease year-over-year. Deliveries of the 787 Dreamliner, which uses more titanium, plunged by 55% to just nine units in the same timeframe.

Boeing is still dealing with the effects of a midair panel blowout, which has disrupted its plans to boost 737 MAX production. In response to this incident, the company has slowed production and reacquired its fuselage supplier, Spirit Aerosystems, to address manufacturing errors.

Additionally, Boeing reduced the output of the 787 Dreamliner in the second quarter, citing persistent supply chain issues for certain parts that are expected to continue through the rest of 2024.

In the second quarter, the airplane manufacturer secured only 25 new orders, bringing the total gross orders for the year to 156, which falls to 115 after accounting for cancellations and conversions. Boeing remains behind its European competitor Airbus, which received 157 orders in the same period.

As of June 30, Boeing’s backlog decreased to 6,156 from 6,259 at the end of the first quarter.

Boeing is set to release finalized delivery numbers and financial results for the second quarter on July 31.

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