In the days leading up to the Farnborough Airshow, I emphasized to the media that the show was just one week out of 52—and that our plan to add orders and commitments would come before, during and after. Today’s historic commitment from Aeromexico drives home that point and continues the incredible momentum for the 737 MAX.
The airline has agreed to buy a mix of 90 737 MAXs, as well as 10 787 Dreamliners. When the deal is finalized, it will be the largest investment for a domestic airline in Mexican commercial aviation history.
737 MAX in Aeromexico livery.
787 Dreamliner in Aeromexico livery.
The demand for the MAX is one of the main factors in our strong second quarter earnings. Net income rose to $1.0 billion, or $1.27 per share, on revenue of $20 billion. Earnings per share rose 2 percent, with earnings per share guidance for 2012 increased to between $4.40 and $4.60.
But the MAX isn’t the only bright spot from the second quarter on the commercial side. It was once again a true team effort across the board, and I want to share some of those accomplishments. (By the way, don’t miss the video at the end of this post. It’s a must see!)
We delivered our 4,000th Next-Generation 737 and our 300th Boeing Sky Interior. We also made a series of design decisions on the 737 MAX, including improvements in aft-body aerodynamics to improve efficiency, and unveiled the Advance Technology winglet which will improve fuel burn by up to 1.5 percent.
The 4,000th Next-Generation 737— delivered to China Southern.
Here’s me posing next to a full scale model of the 737 MAX Advanced Technology Winglet.
The first 747-8 Intercontinental passenger airplane was delivered to launch customer Lufthansa. The airline took delivery of its second Intercontinental on June 30. The program delivered seven airplanes in the second quarter, for a cumulative total of 22. The first 747-8 built at the new two per-month rate rolled out on May 30.
Flyaway for Frankfurt. Lufthansa takes delivery of its first 747-8 Intercontinental.
The KC-46 Tanker program completed its Preliminary Design Review with the U.S. Air Force - a major step in developing the next-generation aerial refueling tanker. The program delivered the 50th 767-300 Freighter to UPS. Meanwhile, FedEx Express announced an order for 15 767 Freighters.
The 50th 767-300 Freighter for UPS.
The program has hired and trained hundreds of workers as it gets ready to increase production from seven to 8.3 airplanes per month. ANA took delivery of its 50th 777 and Air France received its 60th 777. China Eastern Airlines agreed to buy 20 777-300ERs, EVA Air finalized an order for three, Pakistan International Airlines ordered five and American Airlines ordered one. We continued to get positive response as we work with customers on potential 777 improvements.
Air France takes delivery of its 60th 777.
A Dreamliner powered in part by biofuel flew from Everett to Tokyo for delivery to ANA on April 17 and set two records: first-ever transpacific biofuel flight and first biofuel flight of a 787. Transaero Airlines ordered four 787s. In May, the Dreamliner drew thousands of visitors during a four-day Dream Tour stop in Washington, D.C., that culminated in presentation of the Robert J. Collier Trophy for innovation in the performance, safety and efficiency of air and space travel. The Dreamliner also won the grand prize in the 2012 Hermes Awards for Innovation and the American Institute of Aeronautics and Astronautics (AIAA) Award for Excellence. The Dream Tour - a six-month, seven-leg global journey that included 39 stops and attracted 68,000 visitors - concluded June 6 in Abu Dhabi, United Arab Emirates. In June, Lion Air finalized an order for five 787-8s for its new premium carrier, Batik Air. We continued deliveries as ANA took four and JAL took two 787s.
The 787 comes in for landing in DC.
The Collier Trophy.
Boeing South Carolina
Boeing South Carolina rolled out its first 787 on April 27 with nearly 7,000 Boeing employees and guests cheering it on. The airplane completed its first flight on May 23. Boeing South Carolina and the Interiors Responsibility Center South Carolina were added to the Commercial Airplanes production certificate during a signing ceremony with the FAA on June 27.
A big celebration in South Carolina for their first rollout.
Commercial Aviation Services
Boeing delivered its 50th 747-400 converted freighter on June 30 for Evergreen International Airlines. The Flight Services campus in Shanghai, China, tripled its capacity with the introduction of an advanced 787 Dreamliner training suite for pilots and maintenance crews and a 747-400 full-flight simulator. The services unit agreed to collaborate with SELEX Systems Integration, an Italian air traffic management systems provider, to help develop a European air traffic management program.
Congratulations to the entire Boeing team for another amazing quarter. Here’s to closing out the rest of the year on a strong note. Enjoy the video below that recaps our second quarter highlights.