Aerospace & Defense
Boeing's 10 Largest Customers
November 19, 2016 7:25 am
Last Updated: January 12, 2020 5:38 pm
The Boeing Co. (NYSE: BA) currently expects to deliver about 745 to 750 commercial aircraft to its customers this year. Through the end of October the company had delivered 617 planes.
In October Boeing delivered 54 new commercial jets. If it can maintain that pace — or something near it — the company should easily meet its sales target. The bad news is that orders for the first 10 months of the year total just 457. Ideally, Boeing would like a 1-to-1 book-to-bill ratio, but in late September the company said it is angling for 535 new orders in 2016. Even that total may be out of reach given the recent vote in the U.S. House of Representatives killing the company’s opportunity to sell planes to Iran.
Of the 617 planes delivered so far this year 402 have been the stalwart 737. The company has delivered 117 models of the 787 Dreamliner and 80 of the 777 series. It has delivered 10 of its 767 planes so far this year, all to FedEx Corp. (NYSE: FDX). It has also shipped eight of the venerable 747 jumbo jets.
Boeing’s order backlog as of October 31 totaled 5,635 aircraft, including 4,321 single-aisle 737s; 29 jumbo 747s, of which 20 are freighters; 96 dual-aisle 767s; and 728 Dreamliners.
For the first 10 months of the year, here are the 10 Boeing customers who received the most new planes:
The U.S. Navy also received 16 767s this year. These are being adapted for the KC-46A tanker fleet.
Of the 228 new airplanes delivered to Boeing’s top commercial customers, 195 (86%) were 737s. Of Boeing’s total backlog, about 77% are 737s.
Another way of looking at Boeing’s top customers is to see which have the most orders in the aircraft maker’s backlog. Here are the 10 customers with the most orders waiting to be filled:
United Airlines last week shifted an order for 65 of Boeing’s 737s, switching four that are scheduled for delivery next year from 737-700s to 737-800s, and deferring the delivery of the other 61, which are a mix of 737-700s and 737 MAXs. This was interpreted as bad news for Boeing, but it was actually pretty good, as we discussed on Friday.
One last list: the airlines that have flown the most Boeing planes in the 100-year history of the aircraft maker. According to Boeing’s bookkeeping, and including McDonnell Douglas (MD) aircraft, the company’s best customers over the years have been:
Boeing has delivered a total of 21,318 commercial airplanes to its customers, beginning with just 8 in 1958. In 2015 the company delivered 762 new planes, the most in its history.
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