Boeing’s deliveries dip again in November
Boeing's November aircraft deliveries are the lowest since March.
After a slight drop in commercial aircraft deliveries in October, Boeing’s delivery numbers have once again dipped in November, with the planemaker handing over the lowest number of aircraft since March in 2025.
Boeing updated its orders and deliveries filing, which showed that in November, the planemaker delivered 44 commercial aircraft, which includes two KC-46 Pegasus to the United States Air Force (USAF), its lowest number of deliveries in 2025 since March.
Then, it handed over 41 aircraft to its customers, while in April and May, the planemaker delivered 45 aircraft each.
In November, Boeing’s 44 deliveries included 32 737 MAX aircraft, including five to Southwest Airlines, two 767F, one each to FedEx and UPS, two 777F, three 787-9, and three 787-10, including two to TAAG Angola Airlines, as well as the pair of KC-46s, which are military aircraft, yet included in Boeing’s commercial aircraft deliveries.
During the UBS Global Industrials and Transportation Conference on December 2, Jay Malave, the Chief Financial Officer (CFO) of Boeing, said that the planemaker’s 737 MAX delivery target in 2025 has been around 440 to 450 aircraft, which includes around 50 narrowbodies that were delivered from its inventory.
Year-to-date (YTD), Boeing had delivered 396 737 MAXs. Total YTD deliveries number 537 aircraft.
Malave noted that in 2026, Boeing should deliver more 737 MAX aircraft, yet they would not be coming from its inventory, but rather “through the production rollout system, that will be the source of the deliveries.”
However, Boeing should have an inventory buildup of 737 MAX 7 and 737 MAX 10 aircraft, which, according to Malave, should be certified “later in the year.”
“So, we are unlikely to deliver all the aircraft that we build just because of the timing of the certification process. But again, big picture, we expect deliveries both on the 737 and the 787 to grow in spite of the fact that we have less [sic] aircraft coming out of inventory to be delivered.”
In terms of orders, Boeing added 164 gross orders to its backlog during the month, including some of the deals it had announced at the Dubai Airshow in November. This includes Emirates’ order for 65 777-9 aircraft and Gulf Air’s additional 15 787-9s.
Other orders included China Airlines’ deal for nine 777X aircraft, with the Taiwanese carrier also buying two 777Fs, Etihad Airways adding six more 787-10s to its backlog, and Uzbekistan Airways firming up another eight 787-9s, an order that was unveiled at the C5+1 Summit in November.
During the month, the planemaker added three separate orders from three unidentified customers for 43 737 MAX, two 777F, and one 787-9 aircraft.
As of November 30, Boeing’s adjusted backlog now includes 6,019 aircraft, including 587 777s.
In comparison, Airbus delivered 72 aircraft in November, of which 54 were from the A320neo family, including the A319neo, A320neo, and A321neo and the latter's derivatives. The European planemaker had to deal not only with a software issue related to the elevator aileron computer (ELAC) affecting over 6,000 A320 family aircraft but also a quality issue with A320neo family aircraft fuselage sections, which was traced back to a supplier.
The latter forced Airbus to slash its yearly delivery guidance from “around” 820 aircraft to “around” 790.
Rytis Beresnevicius
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