DUBAI, Oct. 16, 2024 — Industry sources quoted by Reuters highlight that Emirates has effectively ordered more Boeing (BA, Finanial) 777F freighter jets, with cargo volumes expected to rise. Keeping in mind the troubles between Emirates and Boeing over delays in earlier aircraft deliveries, the new deal has now surfaced. According to reports, the order was placed before Boeing's most recent revelation that the 777X airliner series will not be debuting until 2026.
Moreover, Boeing reported in September orders for 11 777F freighters from unidentified customers. Though Emirates was among the patrons, both Boeing and the airline abstained from commenting on the development. Moreover, the bump in its cargo fleet emphasizes Emirates' approach to profit on growing worldwide freight demand.
Furthermore, Boeing stock has taken quite a hit over the past year, having lost 41% of its value, while the S&P 500 has surged over 22% over the same period. Its important to note that Boeing has it incredibly rough over the past five years, with its stock tanking 59% overall, way behind its competition.
