Boeing delivers record 806 aircraft in 2018, shares jump 4 percent - Investing.com Investing.com - Wed 9 Jan 13:41 GMT
Boeing delivers record 806 aircraft in 2018, shares jump 4 percent
FILE PHOTO: Boeing logo LABACE in Sao Paulo
By Ankit Ajmera
(Reuters) - Boeing (NYSE:) Co delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world's biggest planemaker for the seventh straight year.
European rival Airbus SE, which will report its numbers on Wednesday and lags behind Boeing due to engine delays, said it achieved its 800-jet target pending final audit.
"Overall, Boeing is taking market share from its main competitor Airbus and is well positioned with strong commercial and military demand," said CFRA Research analyst Jim Corridore, who upgraded the stock to "strong buy" from "buy".
The latest numbers indicate that fuselage and engine delays at suppliers in 2018 are largely behind Boeing as it gears up to meet surging demand for airplanes in 2019 amid booming air travel.
Boeing also looked set to beat Airbus for aircraft orders on a like-for-like basis in 2018 after booking 893 net orders, excluding cancellations in the year.