Boeing sells jets despite soaring jet fuel prices

  • By Michelle Dunlop Herald Writer
  • Thursday, June 5, 2008 10:17pm
  • Business

EVERETT — The Boeing Co. won orders for 10 new jets last week amid concerns over how climbing jet fuel prices will affect aircraft sales.

Through May, Boeing has won 418 net orders for its commercial aircraft. That’s one order more than the jet maker had at the same point last year, when Boeing posted a record-breaking 1,413 orders.

The Chicago-based Boeing announced 10 new orders over the past week, all for 737s. Ireland’s Ryanair and Romania’s Blue Air both put in requests for three Next Generation 737s. An order for four 737s was attributed to an unidentified customer.

Rival airplane manufacturer Airbus had won 397 commercial orders through the end of April.

Earlier this week, the International Air Transport Association predicted the airline industry will lose roughly $2.3 billion. The organization, which represents 94 percent of scheduled international air traffic, had estimated in March that carriers would post a profit of $4.5 billion. At the time, IATA had assumed an average oil price of $86 per barrel. Oil closed Thursday at $127.79 a barrel.

While Boeing’s chief executive Jim McNerney acknowledged last month that fuel prices and U.S. carrier troubles concern Boeing, he emphasized the jet maker’s diverse backlog of commercial jet orders.

“This is one of the reasons we have driven our markets internationally,” McNerney said.

Sales of fuel-efficient jets, such as the 737 and the 787, continue to be strong as do sales of Airbus’ A320 and A350 aircraft.

Boeing’s single-aisle 737 remains its top seller with 301 net orders in the first five months of the year. The company’s fuel-efficient 787 Dreamliner has grabbed 79 orders so far this year, despite additional delivery delays announced earlier.

The 777 has won 36 orders; the 747 has two orders. The 767 — the plane on which Boeing based its losing Air Force tanker bid — has not won an order since February 2007. Last month, Boeing’s McNerney told investors that there’s more demand for the 767 than meets the eye.

So far this year, only one major deferral of Boeing aircraft by AirTran has been announced. The low cost carrier delayed delivery of 18 737s by about four years.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

FILE — Jet fuselages at Boeing’s fabrication site in Everett, Wash., Sept. 28, 2022. Some recently manufactured Boeing and Airbus jets have components made from titanium that was sold using fake documentation verifying the material’s authenticity, according to a supplier for the plane makers. (Jovelle Tamayo/The New York Times)
Boeing adding new space in Everett despite worker reduction

Boeing is expanding the amount of space it occupies in… Continue reading

Paul Roberts makes a speech after winning the Chair’s Legacy Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Paul Roberts: An advocate for environmental causes

Roberts is the winner of the newly established Chair’s Legacy Award from Economic Alliance Snohomish County.

Laaysa Chintamani speaks after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Laasya Chintamani: ‘I always loved science and wanted to help people’

Chintamani is the recipient of the Washington STEM Rising Star Award.

Dave Somers makes a speech after winning the Henry M. Jackson Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
County Executive Dave Somers: ‘It’s working together’

Somers is the recipient of the Henry M. Jackson Award from Economic Alliance Snohomish County.

Mel Sheldon makes a speech after winning the Elson S. Floyd Award on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Mel Sheldon: Coming up big for the Tulalip Tribes

Mel Sheldon is the winner of the Elson S. Floyd Award from Economic Alliance Snohomish County

Craig Skotdal makes a speech after winning on Tuesday, April 22, 2025 in Tulalip, Washington. (Olivia Vanni / The Herald)
Craig Skotdal: Helping to breathe life into downtown Everett

Skotdal is the recipient of the John M. Fluke Sr. award from Economic Alliance Snohomish County

A standard jet fuel, left, burns with extensive smoke output while a 50 percent SAF drop-in jet fuel, right, puts off less smoke during a demonstration of the difference in fuel emissions on Tuesday, March 28, 2023 in Everett, Washington. (Olivia Vanni / The Herald)
Sustainable aviation fuel center gets funding boost

A planned research and development center focused on sustainable aviation… Continue reading

Helion's 6th fusion prototype, Trenta, on display on Tuesday, July 9, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
Helion celebrates smoother path to fusion energy site approval

Helion CEO applauds legislation signed by Gov. Bob Ferguson expected to streamline site selection process.

The Coastal Community Bank branch in Woodinville. (Contributed photo)
Top banks serving Snohomish County with excellence

A closer look at three financial institutions known for trust, service, and stability.

Image from Erickson Furniture website
From couch to coffee table — Local favorites await

Style your space with the county’s top picks for furniture and flair.

2025 Emerging Leader winner Samantha Love becomes emotional after receiving her award on Tuesday, April 8, 2025 in Everett, Washington. (Olivia Vanni / The Herald)
Samantha Love named 2025 Emerging Leader for Snohomish County

It was the 10th year that The Herald Business Journal highlights the best and brightest of Snohomish County.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.