The Boeing Company

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Bullish +55

Boeing jet deliveries jump to 60 in May, 33% higher than last year

AI-generated analysis

πŸš€ Boeing delivered 60 jets in May, a 33% increase compared to the same month last year.

✈️ The 737 MAX saw its highest monthly delivery count since production restarted in December.

🏭 Production capacity is set to rise from 42 to 47 737 jets per month starting this summer.

πŸ“‰ Deliveries of 60 units fell short of European rival Airbus, which delivered 81 jets.

πŸ“ Boeing booked 27 new orders in May, including 14 converted for military use.

πŸ”„ Net new orders for May were 11 after accounting for 16 cancellations and conversions.

πŸ“¦ Total deliveries through the end of May reached 250 jets, including six 787s.

πŸ“‰ The 787 program continues to face certification delays regarding premium seats.

πŸ“Š Cumulative net new orders through May stand at 295 after cancellations.

πŸ“œ Boeing's total order backlog remains robust at 6,178 units as of late May.

Bullish Signals
  • Boeing achieved a 33% year-over-year increase in jet deliveries for May, demonstrating strong operational recovery.
  • The company delivered 51 737 MAX jets in May, the highest monthly volume since production resumed after the strike.
  • Boeing is successfully ramping up production capacity, increasing the 737 output rate to 47 units per month by summer.
  • The company secured 27 new orders in May, including significant military conversions for an unidentified customer.
  • Total deliveries through the end of May reached 250 jets, indicating sustained demand across multiple aircraft families.
Risk Factors
  • Boeing delivered fewer jets than Airbus in May, highlighting continued competitive pressure from the European rival.
  • The 787 program is still hampered by certification delays for premium seats, limiting delivery potential for that model.
  • Boeing faced 16 cancellations and conversions to military aircraft in May, resulting in only 11 net new orders for the month.
Full Analysis
Boeing reported a significant increase in jet deliveries for May, shipping 60 aircraft which represents a 33% year-over-year jump. This delivery volume included 51 units of the 737 MAX, marking the highest single-month production rate for that model since operations resumed in December following a previous strike. Despite this improvement, Boeing delivered fewer jets than its European competitor, Airbus, which shipped 81 aircraft during the same period. The company is actively ramping up manufacturing capacity, planning to increase the 737 production rate from 42 units per month to 47 units by this summer. Through the end of May, Boeing had delivered a total of 250 jets, with the 737 MAX accounting for 198 of those deliveries. The delivery mix also included six 787 Dreamliners and freighter variants of the 777 and 767 models. In terms of order activity, Boeing booked 27 new orders in May, though this was partially offset by cancellations and conversions to military aircraft, resulting in a net gain of 11 new orders for the month. Cumulatively through May, the company secured 324 new orders against 29 cancellations or conversions, leaving a total order backlog of 6,178 units at the end of the period.