Boeing delivered more jetliners than ever in 2017

Boeing set a new industry record for jetliner deliveries in 2017.The U.S. plane maker, the country's largest e...

Posted: Jan 10, 2018 7:58 AM
Updated: Jan 10, 2018 7:58 AM

Boeing set a new industry record for jetliner deliveries in 2017.

The U.S. plane maker, the country's largest exporter, delivered 763 jets to customers across the globe. That beat its previous record, set in 2015 when it delivered 762 aircraft.

Conditions were right for airlines to restock their fleets.

After decades of turmoil, the airline industry between 2015 and 2017 has made more money than in the 30 years prior. The International Air Transport Association,which tracks air industry performance, anticipated airlines would make about $34.5 billion in profits last year, the eighth straight year of profitable flying.

Precisely how long the industry rally will continue remains a question of great debate, but airlines have been enjoying a combination of comparatively low oil prices and cheap and plentiful financing to buy new aircraft. Combined output between Boeing and rival Airbus has been growing consistently since the years following the September 11, 2001 terror attacks, dipping only slightly in 2008 and 2010 during the global financial crisis.

Flying in 2017 was safer than it's ever been

Increasing competition and trade, cheaper travel, and a generally healthy global economy is keeping airplanes flying near full capacity and flying more than ever, said Boeing vice president of marketing Randy Tinseth on Tuesday. He expected that trend to continue in 2018.

IATA estimates that more than 4 billion people traveled in 2017, about 66% more than in 2007, fueled by the rapid rise of flying in countries like China and India. Both are expected to become the first and third largest markets for air travel at their current rate of growth, according to IATA. China will pass the U.S. around 2024 and India will leapfrog the U.K. by 2025.

Globally ticket prices have been on a declining trend as low-cost airlines expand their regional and international routes, encouraging people to leave home and travel for business and pleasure. Passenger yields, a common metric for gauging the price of tickets, was expected to fall by 1.5% in 2017, the sixth straight year of decline, according to IATA.

Even as those prices fell, airlines have been doing well with the help of historically low fuel expenses. About 19 cents of every dollar is spent on jet fuel, according to IATA, which has consistently fallen since 2008 when it was more than 35 cents when oil hit record prices.

China to overtake U.S. as largest air travel market

Boeing also reported that it took in 912 net new orders from 71 customers. Nearly 82% of its new orders were for single-aisle 737s on a year that saw the launch of its larger 737 Max 10 in June. It also saw a 175-jet order by low-cost carrier FlyDubai in November that was far more than expected by analysts, who at the start of 2017 anticipated a slowdown in buying after a decade of record industry orders.

That boosted the company's outstanding backlog of jet orders to 5,864, a record level for Boeing. Rival Airbus was expected to announce its own annual order and delivery figures on January 15. The European aerospace company reportedly exceeded 700 deliveries last year, but Boeing anticipates it will continue to hold the bragging rights as world's largest plane maker for the 6th year running.

Analysts expect Boeing's deliveries to climb again in 2018 as it accelerates production of its 737 jetliners. The plane maker will increase output at its Seattle-area factories by another 11%, building 52 737s each month, up from 47 today.

Boeing delivered 529 737s last year, including 74 of its updated 737 Max jets.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 16769

Reported Deaths: 803
CountyConfirmedDeaths
Hinds110426
Madison77829
Lauderdale76569
Neshoba73945
Jones70933
Scott66312
Forrest60039
DeSoto59310
Rankin4639
Leake45512
Holmes44431
Copiah3344
Jackson31415
Attala31218
Yazoo2985
Newton2924
Oktibbeha28314
Leflore28238
Lincoln28131
Wayne2803
Monroe26925
Harrison2687
Lamar2525
Lowndes2529
Pearl River21231
Pike20411
Adams20416
Warren19910
Washington1998
Lee1978
Noxubee1956
Covington1832
Bolivar16911
Jasper1684
Clarke15619
Smith15611
Lafayette1564
Kemper15611
Chickasaw14314
Coahoma1324
Clay1254
Winston1241
Carroll11911
Marion1169
Claiborne1165
Yalobusha1116
Grenada1104
Lawrence1071
Simpson1050
Sunflower963
Tate931
Hancock9012
Marshall893
Union897
Itawamba897
Webster885
Panola873
Wilkinson859
Montgomery841
Jefferson Davis823
Tippah7611
Calhoun684
Walthall670
Amite651
Humphreys647
Tunica583
Prentiss533
Choctaw522
Perry513
Pontotoc493
Jefferson421
Tishomingo360
Stone320
Quitman320
Tallahatchie311
Greene301
George302
Franklin292
Alcorn191
Benton140
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 19387

Reported Deaths: 676
CountyConfirmedDeaths
Mobile2341123
Jefferson1927105
Montgomery190544
Tuscaloosa85316
Marshall7149
Franklin5939
Lee56334
Shelby53619
Tallapoosa43566
Butler43121
Walker3973
Elmore38110
Chambers36326
Madison3594
Unassigned3144
Morgan3141
Baldwin2969
Dallas2963
Lowndes26912
Etowah26512
DeKalb2603
Autauga2485
Coffee2401
Sumter2369
Houston2275
Pike2231
Bullock2197
Colbert1972
Hale19210
Russell1870
Barbour1831
Marengo1796
Lauderdale1752
Calhoun1693
Cullman1631
Wilcox1587
Choctaw15310
Clarke1492
St. Clair1372
Randolph1288
Dale1250
Marion12511
Talladega1215
Pickens1215
Limestone1100
Chilton1081
Greene955
Macon944
Winston920
Jackson863
Henry842
Covington831
Crenshaw803
Escambia793
Bibb761
Washington746
Blount641
Lawrence510
Monroe492
Geneva450
Perry430
Conecuh421
Coosa401
Cherokee383
Clay282
Lamar280
Fayette160
Cleburne151
Tupelo
Few Clouds
91° wxIcon
Hi: 90° Lo: 71°
Feels Like: 96°
Columbus
Scattered Clouds
88° wxIcon
Hi: 90° Lo: 71°
Feels Like: 97°
Oxford
Clear
90° wxIcon
Hi: 89° Lo: 68°
Feels Like: 93°
Starkville
Scattered Clouds
86° wxIcon
Hi: 87° Lo: 68°
Feels Like: 92°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather