Why Boeing Stock Had Such a Great Day

Boeing delivered 348 planes in 2024. Wall Street is looking for 584 jets in 2025. (JUSTIN TALLIS/AFP via Getty Images)

Shares of Boeing rose Tuesday after the company reported solid monthly deliveries. It’s more progress for the embattled plane maker.

Boeing stock added 2.9%, closing at $232.61, while the S&P 500 and Dow Jones Industrial Average rose 1.1%.

A strong market can help shares of any company, but Boeing had good news for investors, too. It typically updates delivery results on the second Tuesday of each month. For July, Boeing delivered 48 aircraft, up five jets year over year. It delivered 37 MAX jets, up from 31 in July 2024.

More jets, and more MAX jets, are what investors are looking for. Boeing delivered 348 planes in 2024. Wall Street is looking for 584 jets in 2025, according to FactSet. Through July, Boeing has delivered 328 jets this year, leaving about 51 a month in the last five months of the year to hit the analyst consensus.

That is a higher pace than the roughly 47 planes delivered a month from January through July. But 737 MAX production is back at 38 jets a month. It was in the low to mid-20s a month early in the year. Boeing management hopes to take production to 42 MAX jets a month later in the year, with the blessing of the FAA. Boeing also delivers 767, 777, and 787 model jets.

The solid month is another sign that production is normalizing at Boeing, which hasn’t produced a full-year profit since 2018. Wall Street doesn’t expect profits in 2025, but projects net income of $3.6 billion in 2026 on 675 jet deliveries.

Boeing delivered 806 jets in 2018 and reported net income of almost $12 billion.

Through late trading Tuesday, Boeing stock was up about 31% this year and up about 41% over the past 12 months.

Write to Al Root at allen.root@dowjones.com