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Randy Tinseth

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Analyzing the 2017 Orders & Deliveries Race

RANDY'S JOURNAL: A BOEING BLOG

I’m back! Happy New Year and welcome to the refreshed Randy’s Journal. As some of you know, we took a few months hiatus to re-tool the blog, giving it a new look and feel. Our goal is to provide more in-depth analysis of the commercial market. Along the way, I’ll bring in some of my colleagues to share their views on the industry and the new things we have going on here at Boeing.

To kick things off, I want to share some thoughts on Boeing’s announcement today that recapped our 2017 orders and deliveries performance. These three things really stood out to me:

• For the 6th year in a row, Boeing out-delivered the competition and set a new industry record by pushing 763 airplanes out the door.

There’s something to be said for sticking to your plan. At the start of 2017, we set a delivery target of 760 to 765 airplanes. To land in the middle of that target speaks to the dedication of our employees and supplier partners to deliver on the commitments to our customers. You’ve heard me say it before—deliveries matter. It’s the true measure of success, and we nailed it once again in 2017 at the same time we went up on 737 production rate and introduced the MAX.

Boeing vs Airbus Bar Chart 2017 ver 2

• During a year of record airplane deliveries, we managed to add to our backlog.

Our net order total of 912 commercial airplanes was the 7th largest yearly order book in Boeing’s more than 100-year history. Not only was our order book big, it was deep and broad. Our sales team took in orders from 71 customers across the globe. The 737 MAX had another strong year, fueled in part by the MAX 10 launch. And anytime you can book almost 200 twin-aisle airplanes with products clearly preferred by the market, it’s a good year. The sales success we had in 2017 once again confirms our strategy to raise production rates on the 737 and 787 programs.

Randy on 737 line

Here’s a photo of me overlooking the 737 factory in Renton, where our employees are staying busy filling more orders for the MAX as we continue to go up in production rate.

• 2017 showed the real strength of the market.

Prior to the Paris Air Show last summer, many people were wondering if the market was slowing down. Regardless of the final figures from Airbus next week, 2017 shaped up to be a better year than anyone could have predicted. The launch of the 737 MAX 10 in Paris added to our portfolio of products and beefed up our order base. And with passenger traffic growing faster than anticipated and at above long-term trend, the industry really showed its strength.

As we look ahead to 2018, we and IATA expect to once again see passenger traffic grow above historic trend. The airlines continue to be profitable, making more money over the past three years than the previous 30 years combined.

And we have a lot to be excited about here at Boeing. All of our development programs are on schedule or ahead of schedule. Soon, we’ll be rolling out the first 737 MAX 7 test airplane – and delivering the first MAX 9 and 787-10.

787-10 for Singapore

The first production model of the 787-10 will be delivered to Singapore Airlines this year.

We want to make this an engaging blog, but we need your help. Comment, share and sign up for our email list. I look forward to bringing you more insight throughout the year. Thanks for checking out the new site and stay tuned.

See press release here.

108 comment on “Analyzing the 2017 Orders & Deliveries Race

  • Terry Bigger
    January 9, 2018 | 9:21 am

    Nice Update. Thanks Randy

    • Vic Haynes
      January 11, 2018 | 9:26 am

      Recalling my years in business, it seems to me that a company gets paid on deliveries; orders are tenuous at best.

  • Beck Nader
    January 9, 2018 | 9:50 am

    Good that you are back Randy! I am looking forward to reading and maybe commenting on many of your posts in the near future.
    Happy 2018!

    Beck

  • Weiyi Shi
    January 9, 2018 | 9:54 am

    Great work Randy and happy to see blog updated! This is really a fancy look.
    Happy 2018 and another great year for Boeing ahead!

  • Jon
    January 9, 2018 | 10:05 am

    Happy New Randy!! Glad to see the new blog back. Great year for Boeing. GREAT work by all the hard working Boeing employees!! Cant' wait to see the new Airforce One 747-8.

  • David Wilson
    January 9, 2018 | 10:10 am

    Thank you for returning to the web. Your previous posts are enlightening. I have a favor to ask of you and the Boeing c-suite – please report employment figures
    quarterly, instead of the switch to annually. When a corporation changes a long-standing practice, it usually means they are hiding something. Please don't.
    Transparency is better than hiding. If employment is dropping, so be it. Don't make it a secret. I am sure you will promote your company when employment is rising. Here's to a great 2018.

    • Dan Benjamin
      January 11, 2018 | 9:09 am

      Hi David, I see the employments numbers updated each month and they are advertised on the Boeing news now site. Employment numbers are way down compared to just 3 years ago. Lot of retirements and attrition without back filling.

  • VV
    January 9, 2018 | 10:15 am

    Happy new year.

  • Ipper Collens
    January 9, 2018 | 10:51 am

    Excited to see you back!

  • Humberto Montes de Oca
    January 9, 2018 | 11:43 am

    Good that you are back Randy! I am looking forward to reading your posts in the near future.
    Happy 2018!

  • Paulo M
    January 9, 2018 | 11:48 am

    Congratulations! Nice refresh on the blog, welcome back. I see Airbus still published their FAST technical magazine. Hoping you guys consider bringing back AERO.

  • Erik Godo
    January 9, 2018 | 12:06 pm

    I hope you will show a breakdown of the deliveries and orders between Boeing and Airbus (per model).

  • Dave
    January 9, 2018 | 12:22 pm

    Good to see you back! Nice news also. Thanks for the update. I look forward to more of your post.

  • B. Borg
    January 9, 2018 | 12:31 pm

    Welcome back and happy New year

  • Prakash Dhamala
    January 9, 2018 | 12:40 pm

    Randy, on your Boeing Vs Airbus comparison chart – it would be nice to see the Legend for Blue, red bars. As it is obvious Blue bars are for Boeing and red is for airbus. But, someone at a glance may not distinguish which one is which. Just a thought. Anyway, nice blog and have been following for the last 10 years.

    • Randy Tinseth
      January 10, 2018 | 10:52 am

      Thanks, just updated.

  • Stan Tolliver
    January 9, 2018 | 1:33 pm

    Great! Looks really cool and modern. I look forward to your insight and seeing the progression of Boeing.

  • Yann Hui
    January 9, 2018 | 1:49 pm

    Really great to see the new refreshed Blog, keep up the Great Work!

  • Patrick Hannah
    January 9, 2018 | 1:59 pm

    Great refresh!
    One question. When will the next rate hike to 52 planes/month be for the 737?

    • Randy Tinseth
      January 9, 2018 | 2:20 pm

      We go to 52 per month later this year, and 57 per month in 2019.

  • Bruce MacLeod
    January 9, 2018 | 1:59 pm

    Awesome 777X! I would be interested in finding out what, if any additional capacity/aircraft models will be built in Charleston, SC. Also, last time I checked there were no plant tours in Charleston. Any plans re: instituting plant tours in Charleston? Thanks!!!

    • Randy Tinseth
      January 9, 2018 | 2:21 pm

      For final assembly, our focus in North Charleston is all about the 787. As of right now, there are no public tours there. But if you haven’t been to the one in Everett, I’d encourage you to check it out.

      • Bruce MacLeod
        January 9, 2018 | 3:49 pm

        Thanks Randy! Tell you what, I will take the Everett tour as soon as I can get a flight to Seattle on SW out of Charleston on the 737MAX!

      • Robin Capper
        January 11, 2018 | 7:45 pm

        Took me a while to get to Everett, decades + a flight from New Zealand, but it was so worth it.

        http://rcd.typepad.com/personal/2017/11/aviation-overload-1-boeing.html

    • Pierre Alain Varreon
      January 11, 2018 | 9:13 am

      Hi Bruce,
      are you the Bruce Mc Leod of the All Blacks from New Zealand?
      Happy new year anyway
      pierre a varreon from France

  • Joao Roque Santos
    January 9, 2018 | 2:27 pm

    I had oportunity to meet you personaly in Farnborough 2016! Good you are back, Randy!

  • Philippe Cauchi
    January 9, 2018 | 3:05 pm

    Always a pleasure to read you and especially to meet you at Air Shows like Paris Air Show or better in Montréal for a press conference.

  • Edward N Kalpanian
    January 9, 2018 | 3:37 pm

    GREAT JOB in 2017.Good to Have You Back

  • Todd Cohen
    January 9, 2018 | 4:56 pm

    Randy-

    Good to see you back!

  • Hernan Saldana
    January 9, 2018 | 7:45 pm

    Welcome back Randy!! I had been missing your entries for a while. One suggestion: the font size could be increased a little bit to provide easier reading.

  • Mike
    January 9, 2018 | 8:04 pm

    It would be great if you are able to post updates on 777X and photos of the same.

    • Randy Tinseth
      January 10, 2018 | 10:01 am

      Take a look at our 777X Reveal Portal for the latest news and info on the 777X: http://www.boeing.com/777x/reveal/

  • NCPx
    January 9, 2018 | 8:27 pm

    Happy New Year and very glad to have this blog active again.

  • Henry Tan (Singapore)
    January 10, 2018 | 12:46 am

    Welcome back, Randy. You have been missed. Hope you will post often, like before or at least a couple of times a month.
    Anyway, the Singapore Airshow 2018 is around the corner. See you there again.
    One more thing. Since you are going to have guest writers here, how about inviting a special person for a one-off article? Your predecessor Randy Baseler. I brought that up to you at the previous Singapore show.

  • WaiKit777
    January 10, 2018 | 1:55 am

    777 is the best friend in the world!!!

  • Checklist
    January 10, 2018 | 2:29 am

    Nice refresh on the blog
    Excited to see you back Randy !

    Happy New year and for all the hard working Boeing employees!!

    Thanks!

  • Simon
    January 10, 2018 | 3:46 am

    We missed you! Thanks for reviving the blog Randy. I'm watching for (i) rate of MAX sales [particularly non-MAX 8]; (ii) 787-9 vs 787-10 sales; (iii) the 777 production bridge and of course; (iv) the NMA! All the best for 2018!

  • Dan McKessy
    January 10, 2018 | 4:37 am

    Thanks for the update Randy!!! Congratulations to you and The Boeing Company for an outstanding sales year and good luck in your endeavors for this year.

  • VV
    January 10, 2018 | 4:54 am

    Something that is even more interesting is the delivery split between 737 and other aircraft.

    Considering the 74 MAX deliveries, Boeing met it's target to deliver 10% to 15% MAX of all 737 deliveries in 2017.

  • Brian Mulder
    January 10, 2018 | 9:15 am

    Always enjoyed reading your blog! Glad to see your back
    with a great new look. Can't say enough about Boeing commercial airplanes.
    Continued success Randy

  • Peter Turner
    January 10, 2018 | 9:51 am

    Great to see you back Randy. I missed your insight over the last few months. Flying a 777-300 from YYZ to HKG on Air Canada next week and look forward to flying Air Canada's new 737Max-8 soon.

  • Jhan Jensen
    January 10, 2018 | 11:26 am

    Randy, really glad to see you and Boeing back with the new and improved blog. I've had to resort to not so Boeing-centric ones that are more friendly to Toulouse than Seattle. I think 2018 will be an interesting year in Boeing's history; the MoM/NMA decision, the possible tie up with Embraer, Airbus/Bombardier venture on the CSeries (yuck!!). So it will be interesting on your insight to those and many other things like the trade shows. Thanks for also keeping this blog alive!

  • Jiunn Lee
    January 10, 2018 | 2:01 pm

    Thanks for sharing this great success story here. However, more work to be done this year. Looking at the Boeing vs. Airbus deliveries chart. Airbus responded in a big way in the year of 2016. And at that rate, our bragging right will end in 2018 if we do not find a way to continue outperform our competitor. Looking forward to Boeing return punches.

  • Grahame Hutchison
    January 11, 2018 | 4:50 am

    2017 was a great year for Boeing Randy, I look forward to seeing the B787-10 Dreamliner in service.

  • Caitlin Homstad
    January 11, 2018 | 6:43 am

    Looking forward to more updates.

  • Brandon Farris
    January 11, 2018 | 7:21 am

    Any word on what the 2018 delivery goal is this year? Also what’s the next production rate increase for the 737?

    • Randy Tinseth
      January 11, 2018 | 11:18 am

      Our delivery guidance for the year will be released in a few weeks during on earnings call. The next production rate increase for the 737 program will be later this year to 52 airplanes per month.

  • Sabino
    January 11, 2018 | 7:32 am

    Thanks Randy for the updated blog. It's great!

  • David Eldredge
    January 11, 2018 | 7:33 am

    This is a new blog for me! Looking forward to following it!

  • John Armstrong
    January 11, 2018 | 7:36 am

    Thank's for the Blog Randy. Very informative and the news is good. Happy New Year.

  • Randy Baseler
    January 11, 2018 | 7:53 am

    Congratulations on your great update to Randy's Journal!

    • Randy Tinseth
      January 11, 2018 | 10:24 am

      Thanks my friend!

  • Ben Vazquez
    January 11, 2018 | 8:21 am

    First time reader of your blog Randy. Nice summary! Looking forward to others. Have a great 2018!

  • Ann Roy
    January 11, 2018 | 9:10 am

    Happy to see this blog back and updated!

  • Susan McKee
    January 11, 2018 | 9:10 am

    Thank you for the updates and recap of 2017! I am interested in projections and analysis of where we are going in 2018 and beyond. Please share your insights. Keep up the good work.

    • Roy N. Cirunay
      January 11, 2018 | 9:37 am

      The future is an extension of the past. I am very happy that Boeing is performing good in 2017 sales, delivery and the price in stocks. It is going better for 2018.

  • Aaron P Lopez
    January 11, 2018 | 9:25 am

    First time reading your blog Randy. I will be following your blog closely. Would like your take on the fate of the "Queen of the skies" Boeing's 747 program for 2018 and the future.

  • Jim King
    January 11, 2018 | 9:33 am

    Happy new year Randy. I hope retirees will be on the regular distribution for your blog.

  • Ron A. Kinch
    January 11, 2018 | 9:39 am

    Thanks Randy for all the work you do to keep everyone honest and informed. My conclusion is the reason Boeing stays ahead is to do with the transparency attitude of sharing ideas, innovation and showing just enough respect and humility for the competition, the other guys to not allow arrogance to take hold. The communications are the other reason I believe they lead the world's needs and demands.

  • Blake S. Davis
    January 11, 2018 | 9:42 am

    Boeing continues to be successful – please keep up the spirit of innovation and can do!

  • Aijaz Ghani
    January 11, 2018 | 9:46 am

    Awesome Conclusion by using that chart, Randy.

  • Johannes (John) Morgenstern
    January 11, 2018 | 9:55 am

    With all of this Boeing Success, no wonder the Stocks went up by nearly 90%.
    Thank you, very much as you made my retirement account reach the highest point, ever.
    Your news is much appreciated and I look forward to additional news letters.

  • Ken Barroll
    January 11, 2018 | 10:04 am

    Really nice to see the update!!

  • Diane Tchakirides
    January 11, 2018 | 10:09 am

    The refresh of the blog looks great! Kudos to the design team.

  • Homer Haynes
    January 11, 2018 | 10:11 am

    Great to hear that we are competing will with industry competitors. no time to rest!

  • Deborah Parkhurst
    January 11, 2018 | 10:13 am

    A proud history of quality products and services have served Boeing well.

  • T collard
    January 11, 2018 | 10:14 am

    Good work Thanks for the up date.

  • KK
    January 11, 2018 | 10:17 am

    Any good picture of the snow on the flightline in Charleston?

  • Richard Wages
    January 11, 2018 | 10:40 am

    Welcome back… how long do you see the production of the 747-8 lasting? Sure hate to see the old girl disappear from the skys.

  • Billy Glover
    January 11, 2018 | 10:50 am

    Big Smile!

  • JINOMARIE
    January 11, 2018 | 11:00 am

    Randy this is amazing to see the new air planes roll out and seeing that production is meeting a high goal for your company…. i hope to soon be on one of the new air planes.😁

  • Burak Ildiri
    January 11, 2018 | 11:00 am

    Welcome back, Randy! I look forward to reading your insightful posts on here. The new blog looks great! Wishing you and the whole Boeing family a happy and successful 2018!

  • Khessin Isay
    January 11, 2018 | 11:18 am

    When I worked in Auburn, Boeing did more quantity of airplanes. The main thing in 2017: Air companies again believe to Boeing in quality airplanes and delivery terms.
    I'm proud of my company, and its people.

  • Franco Eleuteri
    January 11, 2018 | 11:47 am

    Sales figures are great – but could we expand the discussion into more technical thought provoking subjects particularly since Boeing is providing MRO services for frame and engine and now moving into component maintenance.
    While the aircraft have significantly evolved the maintenance and repair environment has not

  • dick marin
    January 11, 2018 | 11:50 am

    Happy New Year to you and all of Boeing's GREAT employees!

  • Steve Alonso
    January 11, 2018 | 12:16 pm

    I like the look and the results. A book/deliver for 2017 for each model would be a nice addition.

  • Keith Harris
    January 11, 2018 | 12:17 pm

    I've always been a staunch supporter of Boeing and am puzzled by some of the purchase decisions made by those not purchasing such an excellent product! Glad to see you new look and love the digital image of the 777X9!

  • JOHN COOK
    January 11, 2018 | 12:46 pm

    Thanks for the update and thanks for including us retirees!

  • Bob Schrader
    January 11, 2018 | 12:55 pm

    Congratulations to the thousands of dedicated men and women who made this happen. Marketing is important but only part of selling of product . The real meat and potatoes is from all the “hands on” activity that never gets the attention it deserves. Be that engineering, assembly or after delivery customer support. Good job on the marketing Randy (I’m sure you got a nice bonus in your paycheck.). Just never forget those thousands that backed you up and made deliveries happen. Make sure they and the shareholders get their share too.

  • Edward Howe
    January 11, 2018 | 1:23 pm

    Thanks for the manufacturing updates and delivery data. Is it possible to break the delivery data into which airlines the deliveries were made?
    .

  • Alan Merrell
    January 11, 2018 | 1:58 pm

    As a Boeing Retired I enjoy reading all news about Boeing.

  • Ants Roosme
    January 11, 2018 | 2:23 pm

    Randy, Welcome Back & Happy 2018!

  • Manuel Boavida
    January 11, 2018 | 2:35 pm

    Congratulations to Boeing for delivering ahead schedule, which means a very good performance of the entire team.
    Airbus is also an opponent to be considered.

  • John B Dillon
    January 11, 2018 | 3:20 pm

    Interesting tabulation of aircraft deliveries; would the pattern look different if it measured the value rather than the volume of those deliveries ? Thank you !

  • Juan Montalvo
    January 11, 2018 | 3:29 pm

    Good to see you back!

  • Jumarianto
    January 11, 2018 | 5:07 pm

    Thanks for the warm and nice update… 👍

  • Carlos A. Riquelme
    January 11, 2018 | 8:19 pm

    Happy new year!!
    In Argentina we are incorporating our Boeing 737 fleet of Aerolineas Argentinas, plus Boeing 737 Max. Good decision of the company.
    A pleasure to communicate with you.
    Best regards and congratulations

  • David Njau
    January 12, 2018 | 3:13 am

    I’m happy. Congratulations. Sometimes I get sick in the stomach when the competition sounds like they are one up. This has happened since the days of 787 design. Now I can go out and drink to this!

  • Gerd Ritter
    January 12, 2018 | 3:18 am

    Nice Update! Good to see you back.

  • Richard
    January 12, 2018 | 5:12 am

    Is the Airbus order book suspect? They always have a higher backlog, but Boeing has higher deliveries back to 2012.

    • Randy Tinseth
      January 15, 2018 | 7:49 am

      The strong backlog of both companies shows th‎e health of the industry. But like I always say, deliveries matter.

  • Earl E Adreani
    January 12, 2018 | 6:09 am

    Good update

  • Edaward Ludwig
    January 12, 2018 | 9:16 am

    I never get tired of reading about Boeing Accomplishments.Thanks randy.

  • Ron A. Kinch
    January 12, 2018 | 3:40 pm

    Boeing is a leader because they listen well and respond well to what they hear.

  • Jan Morris
    January 12, 2018 | 4:48 pm

    The New Blog looks great Randy! Enjoy reading your updates.

  • Peter Leentvaar
    January 13, 2018 | 11:02 am

    Nice to have you back with your blog.

  • T Shepherd
    January 13, 2018 | 12:15 pm

    Randy, are there any hopes of reviving airline interest in the 747-8i or is that a lost cause? I think there could be some creative ways to make that airplane viable again. For example, I think that a 747-8iC ("C" for combi) might make sense for airlines that don't need all of the passenger capacity but could use the added freight capacity.

    • Randy Tinseth
      January 15, 2018 | 8:09 am

      The 747-8 is still a great option for VIP customers or heads of state. But there’s no doubt the airplane’s future rests with the cargo market. It is a great freighter. And best of all, the 747 will still be flying for decades to come.

  • DH
    January 14, 2018 | 12:27 pm

    Randy, thank you for bringing back the blog. Always enjoyed the information.

  • Srivatsa Vedala
    January 14, 2018 | 2:23 pm

    Good Work Mr.Randy. Thank you

  • Dino Go
    January 14, 2018 | 7:38 pm

    Congratulations! Best wishes to the team!
    There is always a good reason it is referred to as COD. Orders are good but cash is better.

  • Albert Nissim
    January 15, 2018 | 10:06 am

    Missed you and I am glad that you are back. I liked the old format and it seems to have been easier to navigate that this one, although the graphics may be better. However, in the end it's the content that counts and the deeper you go the better it is. Welcome back

  • Elbert
    January 15, 2018 | 11:24 am

    Happy to receive the new blog.
    I am looking forward for more exciting news the company's products and progress.

    Thanks

  • Perry T Sikes, VP Boeing Aerospace, retired.
    January 15, 2018 | 11:57 am

    Randy,
    It is nice to read and see all the things going on in Boeing Commercial. I live in Everett but you keep me informed and interested with the company better than any news media.
    Thanks so much.

  • TCook
    January 18, 2018 | 9:58 am

    I'd just like to start off 2018 with a chant, NMA..NMA…

  • Andrew Boydston
    January 18, 2018 | 9:19 pm

    Welcome Back!!! Order risk could be measured by a customer rating not unlike Blue Chip stock analysis. Perhaps Boeing mitigates a customer order risk by evaluating the competency of a customer before it orders big?

  • Aradhna Forrest
    January 23, 2018 | 9:28 am

    fantastic website enhancements Randy! Plus great update on our progress from last year. Thanks as always for keeping us informed.

  • Justin D
    February 16, 2018 | 12:11 pm

    Great job Sir

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