✈️ **Boeing’s July The Real Signal**

Boeing delivered **53 jets in July**, up from 48 YoY but below June’s 64. Airbus delivered 67.

The interesting part? Boeing still booked **30 net new orders** after cancellations.

### ✈️ Boeing’s July Numbers Tell a More Interesting Story Than the Headline

Boeing delivered **53 aircraft in July**, up from 48 a year earlier—but down sharply from **64 in June**.

At first glance, that's mixed.

But the bigger picture is more interesting. 👇

### 📊 3 Signals I’m Watching

**1️⃣ Deliveries are improving YoY**

53 deliveries vs. 48 last July shows Boeing is moving in the right direction.

But Airbus delivered **67 aircraft** during the same month.

That means Boeing still has ground to cover in the production and delivery race.

**2️⃣ Orders look healthier than deliveries**

Boeing recorded **38 gross orders**, but after 8 cancellations, finished with **30 net new orders**.

That's important.

New orders tell us airlines and lessors are still willing to commit capital to Boeing aircraft—even while delivery volumes remain constrained.

**3️⃣ The 737 MAX remains the key metric**

Of July's deliveries:

✈️ **39 — 737 MAX**
✈️ **10 — 787**
✈️ **1 — 777 freighter**
✈️ **3 — 767**

The 737 MAX therefore represented the majority of July deliveries.

That makes the production and delivery pace of the MAX program particularly important for Boeing's future cash generation.

📊 **My take:**

* Deliveries are improving YoY
* Orders show continued demand
* Airbus still leads monthly deliveries
* **737 MAX execution remains critical**

**Orders show demand. Deliveries show execution.**

That gap is what I’m watching. 👀

**Boeing or Airbus?** 👇

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