Boeing continues to pick up production speed and is also attracting more orders. Here's our model updated through September. Key points: As of the end of September, Boeing delivered more aircraft than in all of 2024. If you needed one metric to demonstrate the recovery, this would suffice. (349 to 312) YTD orders have also increased significantly, from 725 to 569. The map below shows deliveries biased toward the USA. The top customers are United, Southwest, Air Lease, and American. North America accounts for 50% of deliveries. Is there any less good news? Absolutely - the lack of the MAX 10 continues to have a profound impact. In fact, we'd say it's glaring. The MAX program remains crucial for Boeing, and that program remains overdependent on the MAX 8.
