The world’s largest aerospace company, Boeing (NYSE:BA), delivered fewer airplanes in October than in the preceding month. However, orders came in far ahead of expectations. The company shipped 35 airplanes in October, down 31.4% from September’s number. Deliveries for the 737 aircraft, which was grounded for a few months between 2019 and 2020, were 23, a decrease of 14 planes month over month. Though this looks worrisome, investors were not particularly concerned, as evident from the 3% climb in share prices at the end of Monday’s trading hours and a further 1% gain in extended trading. Investors were cheering for the other upbeat metric for October—orders.
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