Boeing deliveries nearly double in April
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
SEATTLE- Boeing said on Tuesday it delivered 45 commercial jets in April, nearly twice the 24 airplanes it delivered during the same month a year ago.Aircraft deliveries are closely tracked by Wall Street because planemakers collect the majority of their payment when they hand over jets to customers. Years of crises and production problems have left Boeing heavily saddled with debt, and it needs to increase deliveries to bring in more cash.The April deliveries included two for Chinese airlines before Beijing directed airlines to stop taking delivery of Boeing airplanes amid a trade war between China and the United States. The company delivered four more jets last month than the 41 it delivered in March. It delivered a 777 freighter to CES Leasing Corp., which is owned by China Eastern Airlines' parent company, and a 737 MAX to China Southern. When U.S. President Donald Trump announced stiff tariffs against China in April, four 737 MAX aircraft were at Boeing's finishing center in Zhoushan, China, where it installs interiors, paints on liveries and does other work before delivering the aircraft. After China stopped taking deliveries, the planes flew back to Seattle. They are currently parked in Moses Lake in central Washington State. Boeing CEO Kelly Ortberg said during the company's quarterly earnings call last month that it had planned to deliver about 50 aircraft to customers this year in China. Orders from Chinese carriers represent about 10% of the planemaker's commercial backlog.Boeing delivered 29 737 MAX planes, including eight for United Airlines, five for Ryanair and five for Southwest Airlines. The company also delivered eight 787s, four 777 freighters and three 767s.April was the fourth consecutive month in which Boeing delivered more than 40 jets. The company has focused on stabilizing the production rate of its bestselling 737 MAX, which was hamstrung by quality problems in 2024.Through the first four months of the year, Boeing has delivered 175 aircraft, including 133 737 MAX, 21 787s and 11 777 freighters.Boeing also booked eight gross new orders last month, one more than it recorded in April 2024. All orders were for 737 MAX jetliners by unidentified customers. It had no cancellations or conversions. Thirty-two orders placed earlier were added to the company's firm order book. They previously had not been included due to U.S. accounting rules.As of April 30, the planemaker has booked 249 gross orders and 212 net orders after cancellations and conversions. It had 6,282 unfilled orders, and its official backlog was 5,643 orders, after adjusting for accounting standards. The U.S. planemaker trailed its European rival Airbus, which delivered 56 jets and booked 11 new orders in April. Both have received substantial orders so far in May, including an order from IAG, which owns British Airways, for 32 Boeing 787-10 aircraft for British Airways, and 21 Airbus A330-900neo aircraft.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
27 minutes ago
- Mint
The week in charts: Digital gender divide, UP discoms sale, declining smart devices
A new national survey reveals a large gender disparity in mobile phone usage and ownership. Meanwhile, companies such as Adani Group and Tata Power Ltd are eyeing majority stakes in two Uttar Pradesh electricity distribution companies, and declining sales of smartphones and smartwatches are ringing alarm bells. Digital gender divide A new pan-India government survey reveals a stark gender gap in India's digital revolution. While 76.3% of rural women use mobile phones, only 48.4% own one, shows the Comprehensive Modular Survey: Telecom 2025 report. In contrast, 89.5% of rural men use phones, with 80.7% ownership. The gap, though smaller, exists in urban India as well, where 86.8% of women use mobiles and 71.8% own one. The usage-ownership gap is highest in states such as West Bengal, Madhya Pradesh and Uttar Pradesh, a Mint analysis showed. Also read: How a manufacturing boom could help India close the gender gap Power tripping The average power demand per day in India's six major industrialised states declined in May, indicating a slowdown in factory activity, Mint reported. Data from the Grid Controller of India showed a 5.7% year-on-year drop to 59.58 billion units in May in these states. In April, demand was flat at over 75 billion units. Demand in industrialised states is seen as a proxy for overall industrial power consumption. Experts attribute the fall to slower economic activity in the manufacturing and mining sectors. A cooler summer this year also contributed to the fall. Discoms sale 51%: That is the stake at least eight companies including Adani Group and Tata Power Ltd are eyeing in two Uttar Pradesh electricity distribution companies – Purvanchal Vidyut Vitran Nigam Ltd (PUVVNL) and Dakshinanchal Vidyut Vitran Nigam Ltd (DVVNL) – Mint reported. The request for proposal (RFP), a formal document to invite bids, is likely to be floated by July. This marks a renewed effort to privatise unprofitable and debt-laden firms that put a huge fiscal burden on state governments. The two distribution companies (discoms) have a combined annual revenue of around ₹50,000 crore. Pharma PLI push India plans to bolster production-linked incentives (PLI) for drug manufacturing, aiming to reduce the pharmaceutical industry's reliance on Chinese raw materials, Mint reported. The enhanced PLI scheme will encompass more molecules used in key starting materials (KSMs) and drug intermediates—raw materials used to synthesise active pharmaceutical ingredients (APIs) that produce the final drug. Indian pharma's reliance on China for raw materials has been rising. In 2024-25, India imported bulk drugs and advanced drug intermediates worth $4.6 billion, 74% of which came from China. Also read: India puts big pharma concessions on table as US trade deal nears finish line Souring sentiment Electronics sales have been weak in 2025, with retailers reporting sluggish store footfalls and muted online demand, Mint reported. Key segments such as smartphones and smartwatches underperformed in the January-March quarter, dragging overall sales down. Data from market researcher IDC showed a 6% year-on-year decline in overall phone sales. Counterpoint noted a 33% plunge in smartwatch shipments, marking five consecutive quarters of decline. The two categories account for 80% of India's electronics sector. The slowdown threatens to dent the broader sector's revenue and profitability going forward. PSU banks' bad loans fall 16%: That's the decline in bad loans reported by public sector banks in FY25, according to a Mint analysis of data of 12 public sector banks and 19 private sector banks from Capitaline. In contrast, private peers saw a 2.9% rise in non-performing assets. Also read: These five private banks in India have the lowest NPAs. Should you invest? PSU banks' strong operating profitability allowed for higher write-offs, resulting in negative net slippages and overall NPA reduction, experts said. Conversely, rising personal unsecured loans, including microfinance, contributed to a higher fresh NPA generation rate for private sector banks. Mixed PMI data India's manufacturing purchasing managers' index (PMI) fell to a three-month low in May, while the services PMI inched up marginally. Manufacturing PMI softened to 57.6 in May from 58.2 in April amid a softer increase in new orders. Services PMI, on the other hand, rose marginally to 58.8 from 58.7 in April. The slight improvement in the services sector was driven by strong export growth and high employment, though the pace of business activity was largely unchanged. Despite the decline, manufacturing PMI is significantly above 50, the threshold that distinguishes expansion from contraction. Also read | PMI: India's services exports bump may lose steam amid global economic gloom Currency count Nearly 31 million ₹2,000 banknotes remain in circulation, showed a recent currency update from the Reserve Bank of India. In May 2023 the government had announced the withdrawal of these notes, though they continued to be legal tender. ₹500 continues its dominance with 65.2 billion notes. Follow our data stories on the In Charts and Plain Facts pages.
Time of India
41 minutes ago
- Time of India
Fed likely to leave rates unchanged as US job market cools but doesn't crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates , and a government report on Friday showing the labor market is far from crumbling amid big trade policy changes only cements that stance. The Labor Department 's monthly employment report showed the unemployment rate held steady at 4.2% last month. Employers added 139,000 jobs, which combined with downward revisions to prior months' estimates showed a cooling in labor demand but nothing abrupt; by comparison, job gains averaged 160,000 last year. U.S. President Donald Trump ratcheted up his calls for rate cuts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Killer New Honda CR-V Is Utter Perfection (Take A Look) SneakerToast Undo "Go for a full point, Rocket Fuel," Trump said in a post on Truth Social that urged the Fed to lower rates by 100 basis points. The president added that the Fed could simply increase rates again if inflation reignited. But the latest job growth reading is already giving Fed policymakers more comfort about holding the U.S. central bank's policy rate steady as they watch to see how higher import tariffs affect the economy. Live Events It "was a solid report and I was pleased with it," Philadelphia Fed President Patrick Harker told CNBC, adding that now was the time for the Fed to hold policy steady. Fed officials have telegraphed that they intend to do just that at their June 17-18 policy meeting. Financial markets have been betting the Fed will wait until September to cut rates and will deliver a second reduction in borrowing costs by December; after the jobs report they trimmed their bets on a possible third rate cut by the end of this year. "Continued strength in the jobs number provides further support for the Fed's patience," said Scott Helfstein, Global X's head of investment strategy. "The Fed is likely to remain on hold through the end of summer to see how tariff negotiations proceed and ensure prices are stabilizing." Analysts said they expect more softening ahead in the labor market as higher import levies and government policy uncertainty strain economic growth. Job gains in May were concentrated in a narrowing range of industries, including healthcare, and manufacturing lost jobs in its worst showing since January, the employment report showed. The workforce shrank by the most in 17 months. Fed policymakers, however, have signaled they are disinclined to act preemptively to cushion any emerging weakness in jobs, especially with higher tariffs seen likely to also push up prices and potentially reignite inflationary pressures. The takeaway on the labor market for the Fed, said Krishna Guha, vice chairman of Evercore ISI, is that, "given the lack of any serious cracks to date, the risk of waiting several more months to learn more with policy in a modestly restrictive posture looks low."
&w=3840&q=100)
Business Standard
44 minutes ago
- Business Standard
Best of BS Opinion: Sizing up the present and prepping for tomorrow
Have you noticed how a good tailor doesn't just note down size. They examine the grain of the fabric, test its stretch, study how it drapes and where it may crease. Precision in measurement matters, but it's the understanding of the material that determines how well a garment fits in motion, not just on paper. Much like today's world where the complexities don't lie in their surface figures, but in the hidden tensions, subtle shifts, and structural weaves beneath. Stitching the world together requires more than tape measures, it demands feel and a keen eye for detail. Let's dive in. Take Donald Trump's proposed second-term economic plan, for instance. On the surface, it's just another size-too-big tax cut, but Kenneth Rogoff reminds us the fabric is strained, federal debt is at 122 per cent of GDP, interest payments outpacing defence spending, and the bond markets growing increasingly restless. The stitchwork that held Reaganomics together no longer fits. Yet both parties seem reluctant to tailor in tighter fiscal seams, even as the dollar's credibility frays. In Tamil Nadu, Kamal Haasan's foray into politics reveals the limits of star power when not matched with political grain. Aditi Phadnis traces his trajectory which contains flashes of brilliance but little drape with the electorate. His alliance with the DMK may buy him a Rajya Sabha seat, but it's clear that charisma alone isn't a cut above unless it's lined with deeper grassroots stitching. Sandeep Goyal draws the contrast between Zeenat Aman's nostalgia-laced but weak Netflix return and Bobby Deol's sharply recut villainous turns. Reinvention requires understanding not just the old silhouette but today's fabric. Campa Cola nailed that, relaunching not with sentiment but with savvy pricing and strategic placement, showing us how legacy can be re-tailored to fit modern demand. Meanwhile, Shekhar Gupta threads through the geopolitical shift along India's borders. Pakistan's brief military flare-up wasn't a standalone patch, but a piece from China's strategic pattern. The drape of conflict has changed, subtle, layered, and stitched from multiple fronts, with Beijing quietly trimming the edges. And finally, Jyoti Mukul brings us to a repair shop in Gurugram where old gadgets are being brought back to life. Sunil Kumar's soldering iron is perhaps the truest metaphor, a reminder that good fixes aren't about replacing parts, but respecting the integrity of what's already there. With India's new Repairability Index and global moves toward circular economies, we're slowly learning to value mends over disposals. Stay tuned, and remember, true mastery lies in seeing how the cloth looks when worn in the real world!
