The Boeing Company (BA) Stock: Faces Delivery Setbacks as Industry Confidence Shifts

TLDR

• Boeing stock trades near $200 after a sharp November delivery decline.
• IATA says confidence in Boeing’s delivery reliability is rising.
• Airbus faces doubts from airlines as supply chain problems persist.
• Boeing logged 164 new orders in November despite delivery setbacks.
• Industry profitability is projected to hit record levels in 2026.

The Boeing Company (BA) is trading at $200.54, down 2.78% as investors react to fresh delivery data showing a sharp slowdown in November.

The Boeing Company, BA

Market attention is split between improving sentiment from airline leaders and disappointing production updates that highlight widening gaps with rival Airbus.

The latest commentary from the International Air Transport Association adds an unexpected twist to the narrative, showing that some carriers see Boeing gaining reliability at a time when Airbus faces waning confidence.

IATA Signals Growing Confidence in Boeing Deliveries

IATA Director General Willie Walsh said the industry is recognizing clear improvement in Boeing’s execution. Walsh stated that airlines now have stronger confidence in Boeing meeting delivery commitments, while Airbus is viewed with increasing caution due to supply chain pressures. Walsh noted that the industry still expects fewer aircraft deliveries overall, a trend tied to persistent manufacturing bottlenecks.

He added that the airline sector is positioned to post record profits in 2026, with expected revenues of $1.053 trillion. Net margins are forecast at 3.9%, with profits near $41 billion, reflecting strong resilience despite geopolitical tension, rising costs and regulatory hurdles. Walsh emphasized that airlines have adapted to a tougher operating climate, supporting financial stability across the sector.

November Deliveries Fall 17% as Boeing Trails Airbus

Boeing delivered 44 aircraft in November, down from 53 in October, marking a 17% decline. Airbus delivered 72 jets during the same period, widening the performance gap between the two manufacturers.

The breakdown shows 32 deliveries for the 737 Max program, with Southwest Airlines receiving five planes. Boeing also delivered six 787 Dreamliners, including two to TAAG Angola Airlines, while two 777 freighters went to Turkish Airlines and Aerotranscargo. Four 767s were delivered as well.

Despite slower deliveries, Boeing booked 164 new orders during the month. After accounting for 38 cancellations, the company posted a net gain of 126 orders. A significant share of these orders came from the 777X program, long delayed and now expected to enter service in 2027. Emirates added 65 orders during the Dubai Airshow, bringing its total 777X commitment to 270. China Airlines expanded its 777X count by nine aircraft.

Order Momentum Builds Across Boeing Programs

Boeing recorded 30 Dreamliner orders in November, including 15 from Gulf Air, eight from Uzbekistan Airways and six from Etihad Airways. The 737 Max added 43 orders from unnamed customers. The company also secured 15 KC-46 tanker orders for the U.S. Air Force and two 777 freighter orders.

Cancellations came from Etihad, Air Canada and South Africa’s Comair, trimming the 777X, 787 and 737 Max order books. Even so, Boeing’s total orders for the year reached 1,000 through November, or 908 net of adjustments. The backlog stood at 6,019 aircraft, a level reflecting strong long-term demand.

Industry Context and Forward Outlook

Airbus recently cut its full-year delivery target by 4% due to ongoing production issues, signaling that even the industry leader faces capacity constraints. Boeing’s November performance underscores the company’s struggle to regain consistent momentum across its programs.

Year-to-date through November, Boeing delivered 537 jets, including 396 737 Max units, 74 Dreamliners, 33 777s and 28 767s.

Boeing CFO Jay Malave recently reiterated expectations for positive cash flow in 2026, supported by higher delivery volumes. The delivery slowdown and continued program delays remain significant risks, yet strong multi-program order activity and improving confidence from global carriers provide a counterweight as the company works to rebuild reliability.

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