Military

2014 Orders for Boeing's 787 Have Been Cut in Half

787-8
courtesy Boeing Co.
According to Boeing Co.’s (NYSE: BA) updated orders and deliveries report, including new September data, the company has taken orders for 48 of its 787s so far this year, and of those 24 have been cancelled. That included 15 cancelled orders in September from a customer that Boeing does not identify but that is almost certainly Air Berlin. The German airline said last month that it had cancelled an order for 15 Dreamliners and 18 of the smaller 737s.

Boeing also reported on Friday that it had delivered 186 passenger jets in the third quarter of the year and a total of 528 commercial planes through the first nine months of the year. If the company delivers an equal number of planes in the fourth quarter, annual deliveries will total 714 commercial planes, just below the low end of the company’s 2014 forecast of 715 to 725 deliveries.

The company delivered 120 single-aisle narrow-body 737s in the third quarter and 359 in the year to date. That is almost exactly 40 a month. The company said Thursday that it will increase production of 737s from a current level of 42 a month to 52 a month in 2018, reaching an interim production total of 47 a month in 2017.

The company is delivering its 787 Dreamliner at a rate of just over 10 per month, while the 777 models are being delivered at a rate slightly less than 10 per month. Year to date, Boeing says it has delivered 75 of its 777 and 79 Dreamliners.

Boeing has received a total of 80 cancellations so far this year on new orders for the 737.

Boeing’s stock price was up about 1.4% at the noon hour on Friday, at $125.93 in a 52-week range of $113.34 to $144.57.

ALSO READ: Skepticism Over Boeing’s 737 Production Hike

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