Boeing Revives China Deliveries
June's haul for Boeing comprised 42 737 Max airliners, nine 787 Dreamliners, four 777 freighters and five 767s (three destined as KC-46 tankers). Southwest Airlines (NYSE:LUV) picked up ten of the Max jets. Chinese carriers received five Maxes, a Dreamliner and two 777 freighters after Beijing lifted its April ban. Airbus kept pace with 63 deliveries in the same period.
Warning! GuruFocus has detected 6 Warning Signs with BA.
Deliveries trigger hefty customer payments, so ramping handovers bolsters Boeing's cash flow amid past production delays and quality setbacks. Restored China shipments reopen a vital revenue stream as Boeing works down a 280-jet H1 backlog.
Boeing also booked 116 gross orders54 Max and 62 787in June, though order activity eased from May's peak. With 668 gross orders year-to-date, Boeing is squeezing out recovery, even as cancellations (e.g. Singapore Airlines trimming three Maxes) nibble at net figures.
This article first appeared on GuruFocus.
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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
27 minutes ago
- CNBC
The best sector this year is not tech - it's a group of stocks riding Trump's trade deals
Move over, technology stocks. There's a new leading sector in the market. The industrials sector has led the S & P 500 higher this year, climbing more than 16%. After several years when technology companies delivered outsized gains, information technology and communication services have trailed in 2025, with both rising around 12%. The S & P 500 as a whole has risen less than 9% over the same span. XLI .SPX YTD mountain Industrial ETF vs. S & P 500, year to date Industrial companies are benefiting from several tailwinds. First, the economy's continued strength in the face of tariffs bodes well for production and investment. Second, the tariffs are aimed at spurring U.S.-based manufacturing and imposing higher costs on imports. A look under the hood at the industrial leaders also shows how the performance of certain subsectors and specific names has helped the entire group outperform, according to Peter Boockvar, investing chief at One Point BFG Wealth Partners. "It's sort of themed in a way," Boockvar said. "It's not necessarily this broad-based recovery in industrials." Notably, the manufacturing companies that were spun off from General Electric are among those leading the market this year. GE Vernova has surged nearly 90% this year and is the second-best performing stock in the S & P 500. The power turbine's company's exposure to growing electricity demand stemming from artificial intelligence data centers is softening the impact of President Trump's tariff policy. GEV YTD mountain GE Vernova, year to date GE Vernova's gas turbines are in high demand from data center developers and it is a leader in the development of small modular nuclear reactors, an emerging technology that the tech industry is interested in. Power equipment providers are expected to fare well amid the AI buildout, which Trump has championed . That helps explain the strong performances of Johnson Controls International and Quanta Services , both of which traded at all-time highs Thursday. Shares of GE Aerospace , meanwhile, have soared more than 60% on strong demand for new aircraft engines and repairing existing ones. Airbus and Boeing are struggling to keep up with demand for commercial jets, so older planes are running for longer which means high demand for engine replacements and services. Boeing has also rallied this year, surging more than 30%. Trump's trade war might have been expected to create headwinds for the aerospace industry, which has benefited from a tariff-free trade regime for decades. But GE Aerospace CEO Larry Culp said earlier this month that the U.S.-U.K. trade agreement has raised hopes that Trump will spare the industry from tariffs. It's proven a bumpy year for aerospace and defense contractors, many of which tumbled after the president unveiled his tariff plan in April, only to climb to all-time highs as implementation of many proposed levies was delayed.
Yahoo
an hour ago
- Yahoo
FAA to review Boeing supply chain before approving hike to 737 MAX production
By David Shepardson OSHKOSH, Wisconsin (Reuters) -The head of the Federal Aviation Administration said Boeing has not yet asked the agency to remove a 38-plane per month cap on 737 MAX production and will review the planemaker's supply chain before making any decision. The FAA imposed the production cap shortly after a January 2024 mid-air emergency involving a new Alaska Airlines 737 MAX 9 missing four key bolts. "We're going to want to look at the entire supply chain," FAA Administrator Bryan Bedford told reporters on the sidelines of an air show, praising Boeing's efforts to improve its culture and adding he would not be surprised if Boeing asks to raise the rate. "I believe it's real, but it's still embryonic," Bedford said of the planemaker's improvements. "We want to see long-term trends, healthy workforce, healthy safety culture. And then we want to see real factory improvements." Boeing did not immediately comment. The FAA in May extended by three years a program that allows Boeing to perform some tasks on the agency's behalf like inspections, saying the planemaker had made improvements. Boeing CEO Kelly Ortberg said in May the planemaker is "pretty confident" that it can increase production of its best-selling 737 MAX jets to 42 a month. Bedford also notes that the FAA is currently considering certifying the smallest and largest MAX variants -- the MAX 7 and MAX 10. Bedford said Boeing realizes getting the job done right the first time "actually is the cheapest way to make the plane.... I think they see real value in changing the culture on the shop floor, getting the defect rates down." But he is not ready to ease oversight. "It's all trending in the right direction. It's all very encouraging, but we're a long ways away from saying we can let our guard down," Bedford said.
New York Post
an hour ago
- New York Post
TikTok will go dark in US if China doesn't OK sale before Trump's deadline: Lutnik
Commerce Secretary Howard Lutnick said Thursday that TikTok will have to stop operating in the United States if China does not approve a deal for the sale of the Chinese-owned short video app that is used by some 170 million Americans. Lutnick, speaking on CNBC, also said the US must control the algorithm that makes the social media platform work. Last month, President Trump extended by 90 days to Sept. 17, a deadline for China-based ByteDance to divest the US assets of TikTok. Trump's action took place despite a 2024 law that mandated a sale or shutdown by Jan. 19 of this year if there had not been significant progress. Commerce Secretary Howard Lutnick warned TikTok will go dark in the US if China doesn't approve a sale to American investors. REUTERS 'China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm,' Lutnick said. 'If that deal gets approved, by the Chinese, then that deal will happen. If they don't approve it, then TikTok is going to go dark, and those decisions are coming very soon.' TikTok did not immediately comment. A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. This stalled after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump has three times granted reprieves from federal enforcement of the law that mandated the sale or shutdown of TikTok that was supposed to take effect in January. A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. REUTERS Attorney General Pam Bondi sent letters to Apple, Google and other companies that provide services or host the TikTok app that were made public this month. The letters said the Justice Department was irrevocably relinquishing any claims against the companies for potential violations of the law, citing Trump's determination that an abrupt shutdown would interfere with his overseeing national security and foreign affairs. Some Democratic lawmakers argue Trump has no legal authority to extend the deadline and suggest the deal under consideration would not meet legal requirements.
