Boeing’s Aircraft Deliveries Rise 9% So Far in 2018
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Boeing’s aircraft deliveries are up 9% year-over-year in the first quarter of 2018, the company said Tuesday. The production increase was due in large part to higher demand for the company’s 737 aircraft.
In Q1 of 2018 that ended in March, Boeing delivered 184 commercial airplanes, 132 of which were new single-aisle 737s. Boeing is also well ahead of its main rival Airbus in net aircraft orders. In Q1, Boeing marked 221 net aircraft orders, while competitor Airbus only booked 45 orders.
The higher delivery rate is a spot of good news amid a cloud of ominous questions about the effects of a looming trade war between the US and China, which would likely put Boeing in its crosshairs.
First, President Donald Trump announced at the end of March that he would be slapping a $60 billion tariff on Chinese goods, including aluminum used to build airplanes, and Boeing’s stock had its worst month on the market in two years.
Then, China retaliated by setting $50 billion in its own tariffs on 106 US goods, including “aircraft and other aircraft with an empty weight of more than 15,000 kg but not exceeding 45,000 kg [about 16.5 to 49.6 tons].” Boeing’s stock dropped again, mainly because the airplane manufacturer makes a significant amount of sales in China. At the end of 2017, it signed a deal to sell 300 planes worth $37 billion to a Chinese aviation group. Experts predicted that the tariff would affect the 737 MAX 7 aircraft, but it wasn’t clear if the weight requirement detailed in the tariff documents would also apply to the slightly larger 737 MAX 8 aircraft as well.
Boeing also weathered a cyberattack at the end of March. The crippling WannaCry virus infiltrated the manufacturer’s systems and targeted equipment that produces its 777 aircraft, 12 of which Boeing delivered in the first quarter of 2018. Boeing later said it was able to contain the virus and keep damage to a minimum.
H/T: Reuters
Featured image by Scott Olson/Getty Images.
Sign-up Successful!
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.
Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.