Boeing Reports Strong Third Quarter Due To Increased Commercial Plane Deliveries
The third quarter is looking pretty good for the Boeing Company. It has recently announced its deliveries for both commercial airplanes programs as well as its defense, space and security programs. The commercial deliveries for this year represent a significant increase from the same period last year, nearly half of which comprise of the company’s 737 aircraft.
The commercial deliveries for the third quarter this year is made up of 199 aircrafts. This is a significant increase compared to the 186 commercial aircraft deliveries made by Boeing during the same period in 2014. Moreover, the deliveries for the 737 is up slightly from 120 to 126. The same can be said for the deliveries of the 767 and 787 aircrafts. Meanwhile, the deliveries for the 777 aircraft remains at 27.
To date, the company has managed to make 580 commercial aircraft deliveries, a majority of which comprise the 737 aircraft with 375 deliveries to date, followed by the 787 aircraft with 101 deliveries to date.
During the second quarter, Boeing Company had announced that it enjoyed a significant revenue increase of 11% to $24.5 billion due to “record commercial deliveries.” In fact, the company managed to increase its commercial aircraft deliveries from 181 during the second quarter of 2014 to 197 during the second quarter of 2015, reflecting a 9% change and a growth of 11% when comparing the first half of the previous year with the first half of the current year.
Moreover, revenue from commercial airplanes also increased by 18% when compared to its revenue performance during the previous year’s second quarter. In addition, Boeing reported that there were 171 net orders booked for commercial aircrafts during the second quarter. Among these were 116 737 MAX airplanes.
According to the guidance shared by Boeing during the second quarter, it expects to deliver between 750 and 755 commercial airplanes for 2015, bringing in a revenue between $64.5 and $65.5 billion. Boeing is set to release its third quarter results and latest outlook on October 21.