Boeing Jet Deliveries Lag Again
Over the past year, regulators in many major markets have recertified the Boeing (NYSE: BA) 737 MAX for commercial service. Meanwhile, airlines have begun rebuilding their fleets this year as air travel demand has started to bounce back from the COVID-19 pandemic.
This should have laid the foundation for a strong recovery in Boeing's commercial jet deliveries in 2021. Instead, the aircraft manufacturer has struggled to clear its massive backlog of undelivered jets. The slow pace of aircraft deliveries -- compared to historical levels as well as top rival Airbus' (OTC: EADSY) results -- continued last quarter.
In the first quarter of 2021, Boeing delivered 77 commercial jets, down from a Q1 peak of 184 deliveries in 2018. It didn't do much better in the second quarter, delivering 79 commercial aircraft.
Source Fool.com
