Category Archives: Boeing

Boeing reports record fourth quarter revenue and earnings

The Boeing Company (Chicago, Seattle and Charleston) reported record fourth-quarter revenue of $24.5 billion on higher deliveries and core earnings per share (non-GAAP) that increased 23 percent to $2.31, reflecting strong performance across the company. Fourth-quarter 2014 core operating earnings (non-GAAP) increased to $2.3 billion and GAAP earnings from operations increased to $2.0 billion. Fourth-quarter 2013 results included a $406 million non-cash charge ($0.34 per share) related to the A-12 settlement.

Revenue rose 5 percent in the full year to a record $90.8 billion and core earnings per share (non-GAAP) increased 22 percent* to $8.60 on record deliveries. Full-year 2014 GAAP earnings per share was $7.38.

Core earnings per share guidance for 2015 is set at between $8.20 and $8.40, while GAAP earnings per share guidance is established at between $8.10 and $8.30. Revenue guidance is between $94.5 and $96.5 billion, including commercial deliveries of between 750 and 755. Operating cash flow is expected to be greater than $9.0 billion.

Commercial Airplanes fourth-quarter revenue increased 15 percent to a record $16.8 billion on higher delivery volume and mix. Fourth-quarter operating margin was 9.3 percent, reflecting higher planned period costs and the dilutive impact of 787 deliveries partially offset by the delivery volume (Table 4).

During the quarter, the company began production on the fuselage stringers of the first 737 MAX airplane. The 737 program has won over 2,600 firm orders for the 737 MAX since launch. Also during the quarter, the company began final assembly of the 787-9 Dreamliner at the South Carolina facility and broke ground on the 777X composite centers in Everett and St. Louis.

Commercial Airplanes booked 432 net orders during the quarter with a record 1,432 orders in 2014. Backlog remains strong with nearly 5,800 airplanes valued at a record $440 billion.

Read the full report: CLICK HERE

Copyright Photo: Nick Dean/AirlinersGallery.com. How much longer will the Boeing 747-800 be built? Will there be another “Super Bowl Surprise” in support of the Seattle Seahawks? Boeing 747-8JK N6067E (msn 38636) in house colors departs from Paine Field.

Boeing sampler slide show:

Boeing and Thai Airways International celebrate the 75th direct airplane delivery

777-300ER TII #1267-WE444

Boeing (Chicago) and Thai Airways International Public Company Limited (Bangkok) yesterday (January 21) celebrated the Thai flag-carrier’s 75th direct delivery of a Boeing airplane. Marking the milestone delivery, Boeing and Thai collaborated to transport 1,000 wool blankets onboard Thai’s newly delivered 777-300 ER (Extended Range). The blankets, donated by Another Joy Foundation, will be distributed by the airline to people in need in Thailand during the colder winter months.

This latest humanitarian effort, the third between Boeing and Thai, is part of Boeing’s long-running Humanitarian Delivery Flights program.

Boeing’s Humanitarian Delivery Flights program, which began in 1992, has worked in partnership with nearly 50 carriers worldwide to facilitate more than 170 humanitarian flights. On previous delivery flights, Thai and Boeing have provided medical kits and school supplies.

Thai currently operates four 787 Dreamliners and has operated nearly every model of the 777. Thai Cargo was the first carrier in Southeast Asia to utilize the 777 Freighter. The airline has an additional two 777-300 ERs on order.

Photo: Boeing. Brand new Boeing 777-3D7 ER HS-TKX (msn 42113) departs from an overcast Paine Field near Everett yesterday. The new airplane was handed over to the carrier on January 21.

Thai aircraft slide show:

Mixed scorecard for Airbus and Boeing in 2014: Deliveries: Airbus 629, Boeing 723, Orders: Airbus 1,456, Boeing 1,432

Airbus logo

Airbus (Toulouse) has now released its sales results for 2014. Previously Boeing released its results for 2014. We can now compare the results for the two large manufacturers:

Airbus set a new record of 629 aircraft deliveries in 2014 for 89 customers of which eight are new, comprising 490 A320 Family aircraft, 108 A330s, 30 A380s and also our first A350 XWB. This production achievement means that Airbus’ aircraft deliveries in 2014 were up for the 13th year in a row, surpassing the previous record set in 2013.

Airbus also achieved 1,456 net orders from 67 customers (of which 14 are new) – our second best year ever, comprising 1,321 single aisle aircraft and 135 widebodies. As a result, by year end, the backlog had climbed to a new industry record of 6,386 aircraft valued at $919.3 billion at list prices.

Boeing logo (medium)

Meanwhile Boeing, as previously reported, set a global industry record for the most commercial airplanes delivered in a single year at 723 in 2014, maintaining its position as the world’s largest airplane manufacturer for the third consecutive year.

In 2014, Boeing booked 1,432 net orders. The company also grew its backlog of unfilled commercial orders to a historic high of 5,789 airplanes.

In summary, both manufacturers can find some good news in these numbers. Clearly the recent decision by Delta to select the Airbus A330neo and the A350 over Boeing was the main deciding factor for who had the most orders in 2014.

For 2015, the battle lines are drawn.

 

Reuters: Airbus beats Boeing for new aircraft orders in 2014

Airbus logo

Reuters is reporting Airbus beat Boeing for new orders in 2014 citing an unnamed source.

Reuters stated; “Airbus beat U.S. rival Boeing in aircraft orders in 2014, maintaining the lead in new business despite lagging in deliveries, a person familiar with the matter said on Tuesday.

Boeing said earlier it had booked 1,550 gross orders and 1,432 net orders, which account for cancellations, in 2014.

Airbus is expected to announce next week that it was ahead of Boeing on both gross orders and net orders.”

Read the full report: CLICK HERE

Boeing delivers 723 jetliners in 2014, setting a new record

Boeing logo (medium)

Boeing (Chicago, Seattle and Charleston) today issued this statement:

Boeing employees helped the company set a record for the most commercial airplanes delivered in a single year at 723 in 2014, breaking the company record for a second consecutive year. The company’s sales team also booked 1,432 net orders, carrying a value of $232.7 billion at list prices, breaking the previous all-time high set in 2007.

Boeing’s unfilled commercial orders stood at 5,789 at the end of the year – also a new company all-time high.

All three Boeing Commercial Airplanes production sites – Everett and Renton, Washington and North Charleston, South Caroline – each set new site records for airplane deliveries.

In 2014, three individual commercial programs achieved notable milestones, each a single-year record:

737 program delivered 485 of the popular single-aisle airplanes
777 program delivered 99 airplanes
787 program delivered 114 Dreamliners, including the first 787-9 to launch customer Air New Zealand and first direct deliveries to 13 airline customers

Of the 1,432 net commercial orders Boeing booked in 2014, the Next-Generation 737 and 737 MAX led the way with 1,104 orders, followed by the 777 and 777X with 283 orders.

Boeing continues to bring new products and services to the market, including the launch of the 737 MAX 200 in September, a variant based on the successful 737 MAX 8. The airplane can accommodate up to 200 seats, increasing revenue potential and providing customers up to 20 percent better fuel efficiency.

As of December 31, 2014, orders, delivers and unfilled orders by program were as follows:

Boeing 2014 Deliveries

BOC Aviation and Boeing finalize an order for two additional 737-800s

BOC Aviation logo

Boeing (Chicago, Seattle and Charleston) and BOC Aviation have finalized an order for two additional 737-800s, valued at $186 million at current list prices.

The order is a part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes.

BOC Aviation, owned by Bank of China, is the leading global aircraft leasing company based in Asia, owning one of the youngest fleets in the industry with an average aircraft age of less than four years. These two aircraft add to BOC Aviation’s order of 82 Boeing aircraft in August, which comprised 80 737s, of which 50 are 737 MAXs, as well as two 777-300 ERs (Extended Range).