Boeing Stock Draws Retail Buzz After Delivering Highest Number Of Jets Since 2023

Boeing (BA) stock saw a surge in retail chatter on Tuesday after the planemaker delivered the highest number of aircraft in 18 months.

The company had delivered 45 jets the previous month and 44 planes in the year-ago quarter. Aircraft deliveries are a key figure in evaluating a planemaker’s financial performance, as they receive the bulk of their payments only after handing over the aircraft to customers.

Boeing said it delivered 42 737 MAX jets, nine of its 787 Dreamliners, four 777 freighters, and five 767s, with three of the 767s to be modified as KC-46 aerial refueling tankers by the planemaker’s defense decision. The bulk of the 737 MAX planes went to the likes of Southwest Airlines, Alaska Airlines, and United Airlines.

The company also delivered eight aircraft to Chinese customers in June after a brief pause as trade tensions eased between Washington, D.C., and Beijing. Boeing also booked gross orders for 116 aircraft in June, including 54 737 Max jets and 62 Dreamliners, 32 of them from British Airways.

Retail sentiment on Stocktwits about Boeing was in ‘neutral’ (49/100) territory.

The company has been looking to turn a corner under new CEO Kelly Ortberg, who took charge last year after former Dave Calhoun stepped down following a mid-air blowout of a door plug on an Alaska Airlines 737 Max jet in January, which renewed scrutiny of the plane maker.

The U.S. Justice Department opened a criminal investigation, declaring that Boeing was not in compliance with a 2021 deferred prosecution agreement. Since then, the Federal Aviation Administration has introduced a 38-per-month production cap on 737 Max output.

European rival Airbus delivered 63 aircraft in June.

Boeing stock has gained 27% this year (YTD).

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