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

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618