Boeing Co delivered 51 airplanes in June to bring its first-half tally to 216 jets, up 38% from the same period last year, pushing its shares sharply higher on Tuesday.
June’s deliveries exceeded the 50 threshold for the first time since March 2019 and included 43 Boeing 737 MAX, which is recovering from a nearly two-year safety crisis, according to new company data.
Boeing’s shares rose more than 8 percent as it also confirmed that monthly MAX production had touched a target of 31 airplanes, while cautioning it had yet to be “stabilised” at that level as aerospace faces worldwide supply chain snags.
Jefferies analyst Sheila Kahyaoglu estimated that the average second-quarter MAX production rate was 28 per month….