Boeing reported a decline in deliveries for October, both sequentially and annually, due to a labor strike that extended over seven weeks and hindered aircraft production. The manufacturer delivered just 14 aircraft in October, a stark reduction from 33 in September and 34 in the same month the previous year.
This marks Boeing's lowest monthly total since November 2020, highlighting significant operational challenges. The deliveries for October included nine 737 Max aircraft, as detailed on the company’s website. Just last week, Boeing finalized a labor agreement with the International Association of Machinists and Aerospace Workers union, which represents about 33,000 Boeing employees who had been on strike since mid-September. Union members are expected to return to work promptly, as stated by the information available on Boeing's website.
However, the company has not commented on the recent delivery figures, despite inquiries from MT Newswires. The labor strike severely affected production rates, with Boeing noting, "As a result of the strike, production of our commercial aircraft, aside from the 787 production in Charleston, and some of our Defense, Space & Security products have halted, adversely impacting our business and financial position." In terms of orders, Boeing received a total of 63 in October, which is a decline from 65 in September, and a more pronounced fall from 123 orders recorded in October 2023.
Following the news, shares of Boeing fell by 2% in afternoon trading. During October, the company also revealed a significantly larger-than-anticipated adjusted loss for the third quarter and announced a public offering of 90 million common shares amid the prolonged strike. Additionally, the Federal Aviation Administration issued a safety alert in October concerning a potential malfunction involving limited or jammed rudder movement for several Boeing 737 models.
As of late October, the company garnered 378 orders and successfully delivered 305 aircraft for the year..