Arab Today, arab today boeing orders fall by half in 2015 but deliveries hit record
Last Updated : GMT 17:54:06
Arab Today, arab today
Arab Today, arab today

Boeing orders fall by half in 2015 but deliveries hit record

Arab Today, arab today

Arab Today, arab today Boeing orders fall by half in 2015 but deliveries hit record

Boeing announces that it delivered 762 commercial aircraft
New York - AFP

Boeing aircraft orders fell by nearly half in 2015 even as deliveries rose to an annual record, the aerospace giant said Thursday.

Boeing said that net orders for new commercial aircraft dropped to 768 last year from 1,432 in 2014, putting it behind rival Airbus, which is expected to report well over 1,000 orders for last year.

But, encouraged by continued healthy passenger growth in the airline industry and sharply lower fuel prices, Boeing was able to step up production and increase commercial aircraft deliveries to 762, slightly above its own forecasts and bettering the previous record of 723 deliveries in 2014.

In deliveries, Boeing was expected to best Airbus, which appeared on track to turn over about 635 aircraft to customers for the whole of 2015, up just six from a year earlier. The European company is slated to publish its figures on January 12.

The deliveries underscore another likely banner year for the Chicago-based Boeing's earnings. Full-year financial numbers will not be released for several more weeks, but third-quarter revenues were up 8.7 percent from a year earlier and net earnings were 25.1 percent higher.

Boeing has forecast 2015 revenues for its Commercial Airplanes division in a $65-66 billion range, up from $60 billion in 2014.

"We had a solid year of orders in 2015, maintaining a strong, balanced backlog that will help ensure a steady stream of deliveries for years to come," said Boeing Commercial Airplanes president and chief executive Ray Conner.

Boeing shares were down 4.0 percent at $133.26 in afternoon trade amid a broader selloff on Wall Street.

- Large order backlog -

Boeing highlighted its delivery record on Thursday, as a metric of performance that represents firm, paid-for orders.

Deliveries have taken on more importance because both Boeing and Airbus have large order backlogs that have raised questions about their capacity to keep to their respective production calendars.

On December 31, Boeing's backlog of orders stood at 5,795, representing more than seven and a half years of production at the current rate.

Both manufacturers have boosted the pace of production of their medium and long-range aircraft to keep up with demand.

Boeing has ramped up production by 60 percent over the past five years. The company said Thursday it would step up the current pace of 63 aircraft per month to more than 70 in 2017.

Output of its popular 737 passenger jet will rise from 42 per month to 52 a month in 2018.

Production of the 787 Dreamliner, built largely with lightweight composite materials that reduce fuel use, will rise from a current 10 per month rate to 14 by 2020.

"Our team did a fantastic job achieving higher deliveries and getting our products to our customers as quickly and efficiently as possible. This will continue to be our focus," Conner said.

While it was likely Boeing will beat Airbus in deliveries in 2015, the France-based rival will outshine in net orders.

As of November 30, Airbus, which set an industry record with 1,503 orders in 2013, had booked 1,007 net orders thanks largely to its best-selling A320, which dominates the medium-range market.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boeing orders fall by half in 2015 but deliveries hit record Arab Today, arab today boeing orders fall by half in 2015 but deliveries hit record

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Air raid kills eight women, child

GMT 06:42 2017 Friday ,17 February

Air raid kills eight women, child
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 07:21 2017 Sunday ,19 February

Kenya, Egypt resolve to boost bilateral trade

GMT 05:42 2017 Sunday ,19 February

British consumers battered by Brexit inflation

GMT 05:19 2017 Sunday ,19 February

Russia is ready to act on strong ruble

GMT 05:13 2017 Sunday ,19 February

Iran discovers shale reserves

GMT 16:23 2017 Saturday ,18 February

Indonesia releases seized shipments of citrus
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 15:16 2017 Sunday ,19 February

Apple to start India operations with iPhone SE

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday