jets News & Analysis
2 articles
Market Mood
Boeing (BA) Jet Deliveries Reach 60 in May, 33% Increase Year-over-Year
Boeing (BA) reported delivering 60 jets in May 2023, marking a 33% increase compared to the same month last year. The deliveries included 51 737 MAX jets, the highest monthly figure since production resumed in December 2024. Boeing also secured 27 new orders, including 14 that will convert to military aircraft, and booked a total of 324 new orders year-to-date, with 295 net after cancellations. Despite these gains, Boeing's order backlog stood at 6,178 jets by the end of May, reflecting the competitive landscape as Airbus delivered 81 jets during the same period.
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Airline Average Fares Rise to $998 Amid Jet Fuel Price Surge
As of March 30, average round-trip international airfares have risen to $998, up from $774 on February 23, according to data from Kayak. Average domestic fares also saw an increase to $350 from $336. The rise in airfare is attributed to higher jet fuel costs, which have nearly doubled to $4.81 per gallon from $2.50 on February 27 due to the ongoing Iran war. Analysts at Deutsche Bank noted that if elevated jet fuel prices persist, fares might need to increase by approximately $50 for one-way tickets, representing a potential 17% uptick.
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