Key Takeaways

Boeing ( BA ) shares jumped Wednesday, leading S&P 500 gainers after Japan Airlines announced that it has ordered 17 new 737-8 aircraft from the plane maker.

The airline said it will add the 17 planes on top of a March 2023 order for 21 of the same plane, and 11 planes from Airbus that will replace its aging Boeing 767 aircraft. The 38 total Boeing 737-8 planes are expected to be delivered to the airline in fiscal 2026, with other aircraft from Boeing and Airbus expected in fiscal 2027 and 2028.

Separately Wednesday, Bank of America analysts said that another research firm, Aero Analysis Partners, predicts that Boeing's March deliveries will be higher than last month, and possibly match or exceed the 40 it delivered in January. The analysts maintained a neutral rating with a $185 price target.

CFO Says No 'Near Term Impact' From Tariffs

Also Wednesday, Boeing CFO Brian West said at an industry conference that Boeing doesn't see "material near-term impact" from the Trump administration's tariffs on goods like aluminum and steel . West said Boeing's supply chain is largely U.S.-based, and said its first quarter results appear to be in line with expectations, according to a transcript provided by AlphaSense.

"We're seeing less working capital drag," West said when asked about the first quarter. "So, that could be better when we close the quarter and it could be in the hundreds of millions of cash flow better."

Boeing did not immediately respond to a request for comment on the Japan Airlines order. Shares were up more than 5% Wednesday.

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