Boeing reported on Tuesday that it experienced a significant increase in third-quarter deliveries compared to both the previous quarter and the same quarter last year, driven by an uptick in 737 deliveries. In total, the aerospace giant delivered 116 aircraft in the September quarter, surpassing the 92 aircraft delivered in the second quarter and 105 in the same period of 2023.
This notable delivery tally included a substantial number of 92 Boeing 737s, which have shown a consistent recovery. The 737 deliveries have risen sequentially and annually, compared to only 70 units delivered during both the second quarter of 2024 and the third quarter of 2023. However, amidst these delivery milestones, the Federal Aviation Administration issued a safety alert earlier on Tuesday, drawing attention to concerns regarding possible limited or jammed rudder movement in certain Boeing 737 models.
The importance of addressing these safety issues cannot be understated, especially for a company that has made significant strides in restoring its reputation following previous challenges. Examining the wider picture, Boeing's data indicates that only 33 aircraft were delivered in September. This marked a sequential decline from 40 deliveries in August, albeit an increase from 27 aircraft in the same period last year, reflecting year-over-year growth but also potential fluctuations in delivery schedules. In terms of orders, the company reported receiving 159 orders during the September quarter, a notable jump from just 25 in the previous quarter.
However, this figure also represents a sharp decline from the 321 orders logged in the same quarter last year, indicating potential volatility in customer demand. As of September 30, Boeing has delivered a total of 291 commercial airplanes this year, a metric that investors are sure to keep a close watch on. Looking ahead, Boeing is scheduled to announce its third-quarter financial results on October 23.
Analysts surveyed by Capital IQ predict that the company will report revenue of approximately $18.52 billion for the period. This projection suggests a positive outlook, marking a potential improvement from the $18.1 billion reported in the corresponding period last year. Finally, it is essential to note that over 30,000 of Boeing's workers are currently impacted by a strike, being carried out by members of the International Association of Machinists and Aerospace Workers since mid-September.
This situation could pose additional challenges for the company as it navigates through a complex landscape of operational demands and labor relations..