Boeing releases fourth-quarter results
Boeing has released their fourth-quarter results for 2018 and have come out with an incredible result.
The following table displays Boeing’s commercial airplane delivery results for 2018:
|Aircraft||Fourth Quarter 2018||Year-to-Date 2018|
NOTE: Boeing 767 deliveries include the transfer of 10 767-2c aircraft to Boeing Defense, Space and Security for the U.S Air Force KC-46 tanker program.
The results outline a significant effort from Boeing, with 806 aircraft being delivered setting a new record for the company. Despite this, delivery goals were missed, with the company targeting 810-815.
The missed target is said to be caused by 787 Dreamliner and 737 MAX production and delivery delays due to engine issues with CFM LEAP and Rolls-Royce Trent 1000 engines. However, the 737 MAX continued on the 737s historical success, gathering over 5000 net orders and the 787 picked up Hawaiian Airlines as a customer, leaving Airbus in a tricky situation. Boeing was keen on noting this in their report.
With deliveries come delivery and production slots. Because of the great result, orders for 893 aircraft were placed throughout the year, with 203 of those coming in during December. Talk about Christmas shopping! Boeing states the value of these orders comes in at $143.7 billion.
Customer orders for the 777 were limited, with sales mainly of the Freighter variant. This was evident during the 2018 Farnborough Air Show, where Boeing secured additional orders for the 777F from Qatar Airways Cargo, FedEx, DHL, ANA Cargo and others.
Boeing released the following video to sum up the year of great success:
Next up: Airbus results, which are just around the corner!