In the latest quarter, aerospace giant Boeing witnessed a significant decline in both aircraft deliveries and new orders. This downturn is largely attributed to ongoing scrutiny of its quality control systems, which has led to a slowdown in its operational pace.
Total commercial aircraft deliveries plunged by 32% to 92 jets in the second quarter compared to the same period last year, according to a statement from Boeing. This decrease was driven primarily by reduced transfers of the narrow-body 737 MAX and the wide-body 787 Dreamliner aircraft.
The Virginia-based company delivered 69 of its flagship 737 MAX aircraft in the second quarter, marking a 31% year-on-year decline. Deliveries of the more titanium-intensive 787 Dreamliner fell by a staggering 55% to just nine units within the same timeframe.
Boeing continues to deal with the repercussions of a midair panel blowout, which has hindered its plans to ramp up 737 MAX production. Since the incident, the company has implemented measures to rectify manufacturing errors, including slowing production and reacquiring its fuselage supplier, Spirit Aerosystems.
Additionally, Boeing scaled back the output of the 787 Dreamliner in the second quarter, citing supply chain constraints for certain parts, which are expected to persist throughout the remainder of 2024.
The airplane manufacturer recorded only 25 new orders in the second quarter, bringing its year-to-date gross orders to 156, which drops to 115 after cancellations and conversions. Boeing continues to trail behind its European competitor Airbus, which secured 157 orders in the same three-month period.
As of June 30, Boeing's backlog decreased to 6,156 from 6,259 at the end of the first quarter.
Boeing is scheduled to release finalized delivery numbers and financial results for the second quarter on July 31.
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