"What really surprised us upside was the 13% airfares, and they increased their guidance for it," said Jeffer Kahyaoglu, analyst…
“What really surprised us upside was the 13% airfares, and they increased their guidance for it,” said Jeffer Kahyaoglu, analyst Shefferies on CNBC’s “Squawk Box”.
For its aircraft Boeing delivered 190 commercial aircraft in the third quarter, resulting in a total of 568 deliveries during the year. The business had missed delivery estimates during the second quarter, but Boeing got stuck in the lead in the latest report saying that the company would deliver at least 810 aircraft this year. Boeing continues to boost production, especially at its core 737 aircraft, and aims at achieving a key production rate of 52 aircraft each month.
“They kept their delivery guidance, which means they could reach 52 per month by the end of the year,” said Kahyaoglu.
President Donald Trump’s “Strong War Against China” is a key issue that Kahyaoglu is watching. She said that China is “a major customer of Boeing”, which represents about one-third of the company’s Boeing-737 aircraft orders. While it is important for shareholders to pay attention to the company’s operations in China, the analyst did not raise concerns that Boeing could catch up in the middle of the commercial war.
“I think Boeing is completely in line with the administration but also with