Deliveries to Ryanair (RYAAY) have been a bit of a sticking point for aerospace stock Boeing (BA) of late. But there are some signs that may be turning around. Boeing delivered 10 planes in 10 days, reports noted, and that was enough to perk up investor interest as well. Boeing shares gained nearly 2% in Wednesday afternoon’s trading.
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The 10 planes in 10 days delivery schedule was excellent overall, and reports note that Ryanair is now just a few aircraft short of its current order to arrive between now and the peak summer travel season to come. In fact, the move left Ryanair a little surprised, reports noted. It revealed, “We got 10 in the last 10 days. We’ve never taken that many.”
This marks an interesting turnaround for Ryanair as well; previously, it was one of the biggest critics that Boeing had in the field. But with the recent improved delivery schedules, Ryanair has been praising Boeing’s response. And with plans to increase to 42 jets a month still in the pipeline, Boeing might be able to really turn things around.
737-7 MAX Certifications Coming Back
Meanwhile, there are some signs that Boeing is moving to get the 737-7 and 737-10 aircraft certified once more. These two aircraft have been a long time in coming, but the new reports suggest that Boeing is picking up the pace to get these two ready for airworthiness.
October 6 recently saw the 1E001 aircraft—the only 737-7 development aircraft around—get a flight test. Previously, a ferry flight from Moses Lake to Boeing Field back on August 11 was one of the first movements since June 2023. Further, the 737-10’s second aircraft, IG002, saw a flight from Seattle to Roswell, New Mexico run just yesterday, October 7. Earlier reports suggested that these two would go live in 2026, and the moves seen recently suggest that will hold true.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 48.5% rally in its share price over the past year, the average BA price target of $259.71 per share implies 15.4% upside potential.
