Boeing’s October 737 deliveries up on strong demand

Boeing delivered 43 of its best-selling 737 single-aisle aircraft in October, up from 37 a year ago, helped by strong demand in a booming jet aircraft market and putting it on track for another year of record deliveries.

The group’s total deliveries for the first 10 months of 2018 now stand at 625 aircraft, up from 610 in the matching period a year ago.

Boeing delivered altogether 57 aircraft in October, up from a 56 a year ago, despite a warning from CFO Greg Smith last week that deliveries for the month would be lower than normal while promising numbers would rebound in the final two months of the year.

Boeing is working through a recovery plan dealing with a combination of delays on fuselages, engines and other components, which created a production bottleneck at its Seattle-area plant this summer for the best-selling 737.

The company aims to deliver 810-815 aircraft in 2018, keeping it ahead of European rival Airbus, which delivered 503 through September.

Boeing's share price was marginally up in premarket trade.

Reuters