
Boeing's July aircraft deliveries tumble 20% from June, trailing Airbus
Boeing continued to fall further behind European rival Airbus in deliveries this year.
Airbus handed over 67 jets in July despite having a growing number of aircraft unable to be delivered because it lacks enough engines. That was down from 77 in July 2024, but it lifted Airbus' year-to-date tally to 373, compared to Boeing's 328.
Airbus is also leading the U.S. planemaker in single-aisle jet deliveries, with 286 A320neo family jets compared to Boeing's 243 737 MAX jets. About 66% of all commercial jets are single-aisle planes.
Boeing delivered 37 of its best-selling 737 MAX jets in July, 20 of which were for aircraft lessors and 17 for airlines. Boeing also handed over eight 787s, two 777 freighters and one 767 freighter. Airbus delivered five regional A220 jets, 54 of its cash-cow A320neo family, two A330s and six A350s.
Aircraft deliveries are closely tracked by Wall Street because planemakers collect much of their payment when they hand over jets to customers.
Boeing booked 31 gross orders in July, which included 30 for 737 MAX jets and one for a 787. The Republic of Iraq canceled one 787 order, though it still has seven 787s on order.
By the end of July, the aerospace giant had received 699 new orders this year, or 655 net orders after adjusting for cancellations and conversions. Its order backlog was 5,968 after adjusting for U.S. accounting standards.
Airbus has struggled with delayed deliveries from its largest engine supplier, CFM International, co-owned by GE Aerospace and Safran, but delays have spread to its RTX-owned rival Pratt & Whitney in the wake of a recent strike, the European planemaker said.
Airbus still projects that it will deliver 820 jets by the end of the year, a 7% rise from last year.
Boeing has not given guidance for annual deliveries. The U.S. company is working to stabilize production after a mid-air panel blowout on a new 737 MAX in January 2024 exposed widespread production quality and safety problems.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
The bond market is signalling that a September cut from the Fed is no longer locked in
Surging U.S. producer prices and a spike in Treasury yields have cast some doubt on a widely expected Fed rate cut in September. The S&P 500 remains near its high, however, and is banking on a cut. While a 0.25% cut remains the most likely outcome, it no longer looks guaranteed. Globally, European and Asian equities are mixed. S&P 500 futures are flat this morning. In the stock market, it appears that all is calm, all is quiet: S&P 500 futures are flat this morning, premarket, and the index itself closed up marginally yesterday, near to its all-time high. The real drama is in the bond market. Both the 2-year Treasury and the 10-year Treasury saw their yields spike up yesterday after the producer price index (PPI) report came in much higher than expected. Tariff-driven inflation may not yet have shown up in prices paid by consumers, but it looks like it has now arrived at companies and manufacturers. The feeling on Wall Street is that this implies higher inflation is coming down the pipeline. Companies won't be able to eat higher tariff prices forever. Sooner or later they'll have to charge their customers. 'Supply chains have become longer and more complex—trade taxes progress down supply chains over months, not days,' UBS warned this morning. All of a sudden, the U.S. Federal Reserve interest rate cut that everyone thought was guaranteed in September no longer looks locked in, as keeping interest rates high is the Fed's main weapon to fight inflation. 'U.S. producer prices surged 0.9% m/m in July, far exceeding expectations of 0.2% and marking the largest monthly gain since June 2022. On an annual basis, PPI rose 3.3%, up from 2.4% in June, while core PPI jumped to 3.7% from 2.6%. The data shattered forecasts across the board, underscoring the inflationary impact of recent tariff policy and justifying Fed caution regarding rate cuts,' George Vessey of Convera told clients this morning. ING agreed. 'After the PPI spike yesterday, there has been some hawkish repricing of Fed expectations,' Francesco Pesole said in a note seen by Fortune. In the bond market, which partially reflects future inflation expectations, the 2-year yield rose by 5.7 basis points to 3.73%, and the 10-year rose 5.1 points to 4.29%. It's implication is that bond buyers think higher inflation is on its way. 'This hotter-than-expected print suggests that a September rate cut is far from guaranteed,' Jim Reid and his team at Deutsche Bank told clients this morning. He also noted that two Fed presidents said yesterday they would definitely not support a 0.5% cut, and one of them indicated he had not made up his mind on a 0.25% cut: 'St. Louis Fed President Musalem stated it was 'too early to say exactly what policy I will be able to support' in September, and noted that a 50bp cut would be 'unsupported by the current state of the economy and the outlook.' 'Similarly, San Francisco Fed President Daly told the Wall Street Journal she didn't see the need for a 50bp cut either.' The context is that a September cut of 0.25% is still the favored expectation among investors. The CME Fed Funds futures market is still showing a 90%-plus chance of a 0.25% cut. And stock investors seem bullish on the notion that the Fed is poised to deliver a new dose of cheaper money in September. If that doesn't happen—and the bond market is now hinting it's less likely than it was—expect turmoil ahead. Here's a snapshot of the action prior to the opening bell in New York: S&P 500 futures were marginally up this morning, premarket, after the index closed flat yesterday near its record high. STOXX Europe 600 was up 0.23% in early trading. The U.K.'s FTSE 100 was flat in early trading. Japan's Nikkei 225 was up 1.71% to hit another record high. China's CSI 300 was up 0.71%. The South Korea KOSPI was flat. India's Nifty 50 was flat. Bitcoin fell to $119K. This story was originally featured on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
an hour ago
- Yahoo
Morning Bid: Rate fever breaks, Alaska in spotlight
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Even if you don't think tariffs are feeding price rises yet, the sharp jump in U.S. producer prices in July - driven by the biggest jump in retail and wholesale margins in two years - was a shot across the bow that tempers heady interest rate cut speculation. Lifting Treasury yields, buoying the dollar and stalling Wall Street stocks at record highs, the PPI report scotched any thought of a half point rate cut from the Federal Reserve next month and sowed a sliver of doubt it would ease at all. Attention now switches to retail sales and industry updates on Friday, while next week's Fed conference in Jackson Hole comes onto the radar too. * With some of the heat taken out of effervescent risk markets, U.S. retail sales are expected to show a brisk 0.5% gain last month but industrial production growth is forecast to have stalled, with import prices flat. June inventory readings and a consumer sentiment survey for August add to a busy diary. Fed officials threw cold water on talk of a 50 basis point cut in September, an idea that had been stoked by Treasury Secretary Scott Bessent the previous day. * As hopes of a Ukraine ceasefire stirred with the Trump-Putin summit in Alaska due to get under way, European stocks and the euro advanced on Friday, while the European defence sector fell back 1.5%, crude oil slipped about 0.6% and gold prices remained subdued. Chinese stocks rallied despite another poor set of industry, retail and housing reports as speculation about some further stimulus there resurfaced, with reports of government support for troubled property developers in the mix. The yen firmed as Japan's Q2 GDP came in more than twice expectations at +1.0% annualised. * Shares of Intel surged almost 5% in pre-market trading after Bloomberg reported the Trump administration was in talks with the struggling chipmaker on the U.S. government taking a stake in the company. The reported discussions follow a meeting this week between Trump and Intel CEO Lip-Bu Tan - just days after Trump called for Tan's resignation over alleged China-linked investments. Today's Market Minute: * Donald Trump and Vladimir Putin hold talks in Alaska on Friday, with the U.S. president's hopes of sealing a ceasefire agreement on Ukraine uncertain but with a last gasp offer from Putin of a possible nuclear deal that could help both men save face. * The talks in Alaska mark the potential beginnings of a return of Russia - and its commodities - to the global arena following Moscow's recent international isolation. ROI columnist Gavin Maguire provides a guide on the potential market impacts should global relations with Russia return to normal. * China's factory output growth slumped to an eight-month low in July, while retail sales slowed sharply, raising pressure on policymakers to roll out more stimulus to revive domestic demand and ward off external shocks to the $19 trillion economy. * Wall Street's largest hedge funds, Bridgewater Associates, Tiger Global Management and Discovery Capital, increased their exposure to Big Tech in the second quarter amid a generational boom in the growth of artificial intelligence. * The U.S. economy seems to be chugging along fairly smoothly, but ROI columnist Jamie McGeever discusses five charts that indicate the foundations of the resilient U.S. economy and booming stock market may be much shakier than they appear. Chart of the day: China's factory output growth slumped to an eight-month low in July, while retail sales slowed sharply, raising pressure on policymakers to roll out more stimulus to revive domestic demand and ward off U.S. tariff-related pressures. While reports of more official support for ailing property firms emerged, the housing sector remains a running sore. New home prices fell 2.8% in July year-on-year, versus a 3.2% drop in June. Weekly reads: * INDEPENDENCE AND LOYALISM: Pushing back on a view that Federal Reserve Chair Jerome Powell should resign to clear the air over Trump's repeated attacks on him, former Fed Vice Chair Roger Ferguson gives a stout defense of Fed Independence. "For the stability of the dollar and the entire U.S. financial system, it is critical that Powell does not resign prematurely," Ferguson wrote in a piece for the Council on Foreign Relations. "Equally important is that the next chair not be seen as a political loyalist of President Trump." * WHO ARE 'BOND VIGILANTES'?: European Central Bank economists look at the role of investment funds, who they say hold up to a quarter of outstanding euro government debt in some countries, as the prime 'vigilantes' in times of stress. Foreign funds are the most jumpy and 'procyclical' of that grouping in offloading bonds due to credit, stability or interest rate concerns - while domestic households and insurance firms tend to buy the bonds investment funds sell, they explain. * DEBT BURDENS LIFT RATES: As some puzzle over the relatively calm U.S. bond markets despite rising sovereign deficits and debts, IMF economists re-examine the links between debt burdens and higher borrowing rates and term premiums in a paper published on CEPR's VoxEU site. Updating the dataset from earlier studies, they conclude that a 10% of GDP increase in expected debt is associated with an increase in long-term rates of between 20 and 30 basis points, while a 1% of GDP increase in the fiscal and primary deficit has a similar impact. * INVESTMENT SPENDING NOT ENOUGH: Using Japan's experience as a example, Daniel Gros at the Institute for European Policymaking at Bocconi argues that Europe just upping billions in investment spending may not be the spur to the economy that many assume. Ensuring the money is better spent on start-ups and its "innovation ecosystem" rather than via big companies alone would yield better results, he wrote on Project Syndicate. * DARK SIDE OF AI CHATBOTS: Internal guidelines at Facebook owner Meta Platforms explicitly permitted its artificial intelligence chatbots to "engage a child in conversations that are romantic or sensual", according to a Reuters special report. Reuters' Jeff Horwitz illustrates some of the darker side of the AI revolution now sweeping tech and the broader business world. Today's events to watch * US July retail sales (0830 EDT) July import and export prices (0830 EDT) New York Fed's August manufacturing survey (0830 EDT) July industrial production (0915 EDT) June business/retail inventories (1000 EDT) University of Michigan August consumer sentiment survey (1000 EDT) Treasury's June TIC data on U.S. securities holdings (1500 EDT) * U.S. President Donald Trump meets Russian President Vladimir Putin in Alaska to push for a ceasefire deal in the war in Ukraine -- Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here. You can find ROI on the Reuters website, and you can follow us on LinkedIn Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (by Mike Dolan; editing by Alex Richardson) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Greece asks to repay debts a decade early
Greece said it wanted to pay back its outstanding $35.1 billion loans a decade early. Athens took a €52.9 billion ($61.8 billion) bailout from fellow eurozone countries in 2010 after accruing unsustainable debts, imperiling the currency itself. It was ordered to take tough measures to reduce its deficits, and the country is now a rare European economic success story: It hopes to pay off the remaining debt by 2031 instead of 2041. Europe's traditionally weaker economies have outperformed the core countries in recent years, and now nations like Spain, Italy, and Portugal as well as Greece can borrow at the same costs as France and Germany, a sign both of their strength and the European giants' weakness. — Tom Chivers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data