Boeing Delivers 57 Commercial Jets in August, Led by 737 Max Orders from Ryanair and United.

Boeing delivered 57 commercial aircraft in August, with the 737 Max accounting for the bulk of deliveries. Ryanair took the largest share of narrowbody aircraft, receiving seven 737 Max jets. United Airlines also received 737 Max orders. The deliveries mark a rebound for Boeing after a slow start to the year.

Boeing (BA, Financial) delivered a robust 57 commercial aircraft in August, signaling a significant rebound after a slow start to the year. The deliveries were led by the 737 Max, which accounted for the majority of the aircraft handed over. Ryanair (RYAAY) received the largest share of narrowbody aircraft, with seven 737 Max jets, while United Airlines (UAL) also secured 737 Max orders. This uptick in deliveries highlights Boeing's resilience and the ongoing demand for its aircraft, despite supply-chain constraints.

The 737 Max accounted for 44 of the 57 deliveries, underscoring its status as Boeing's production workhorse. The widebody segment also saw activity, with American Airlines and United Airlines each taking one 787-9 Dreamliner. Additionally, international leasing companies like AerCap (AER) and CDB Leasing of Hong Kong received multiple 737 MAX units, indicating strong demand from lessors. Geographically, deliveries were spread across North America, Europe, East Asia, and the Middle East.

These deliveries come on the heels of a substantial contract modification for Boeing, boosting its total value to over $3 billion. The Army Contracting Command in Alabama is managing this work, which is slated for completion by December 31, 2027 . Wall Street analysts have projected an 11.82% upside potential for Boeing, with an average price target of $256.75 . The GF Value estimation for Boeing indicates a potential downside of 9.96% relative to the current price .

In the broader airline sector, JetBlue Airways (JBLU) and United Airlines (UAL) reported positive booking trends and capacity growth, while Alaska Airlines (ALK) and Volaris (VLRS) also saw increases in passenger traffic. These developments suggest a recovering airline industry, with strong demand for aircraft and services .

Overall, Boeing's August deliveries mark a notable rebound, reflecting the company's ability to navigate supply-chain challenges and maintain customer demand. As the industry continues to recover, investors will keenly await further updates from Boeing and other major airlines .

References:
https://www.gurufocus.com/news/3097253/boeing-ba-secures-344m-aircraft-contract-modification
https://www.nasdaq.com/articles/airline-stock-roundup-jblus-bullish-q3-view-ryaay-ual-focus