Boeing's (BA) stock rose marginally on Tuesday after the company said it delivered 130 commercial airplanes in the first quarter, its highest in a three-month period since 2023.
The plane maker said it delivered 105 of its best-selling Max family aircraft and 13 787 family aircraft during the first quarter. It had delivered 83 commercial jets a year earlier.
European rival Airbus would reveal its first-quarter deliveries on Wednesday. According to a Reuters report, it delivered 136 planes in the first quarter.
The company delivered 41 planes in March, compared with 29 a year earlier. However, the deliveries were lower than the first two months of the year.
Boeing booked 192 gross orders in March, including 50 737 Max jets from Singapore-based firm BOC Aviation, 20 777x, and 20 787-10 series aircraft from Korean Air.
Wall Street monitors the company’s aircraft deliveries closely as Boeing receives most of its payments after its clients receive the planes.
The company has had a tumultuous 2024 when it was rocked by the twin blows of a crippling strike at its facilities as well as a production cap imposed on it after a door plug blew out of a 737 Max aircraft in January.
Retail sentiment on Stocktwits was in the ‘bullish’(58/100) territory, while retail chatter remained ‘high.’
One user suggested that countries may buy more of Boeing aircraft to reduce their trade deficit with the U.S.
Boeing stock has fallen 23.5% year-to-date (YTD).
Last week, the stock lost nearly 20%, tracking broader market declines after President Donald Trump imposed a universal 10% tariff on all imports and even higher duties on a host of countries.
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