New York, Jan 7, 2026, 5:16 PM EST — After-hours
- Boeing shares were down about 0.7% in after-hours trading after ending the session lower
- Alaska Airlines agreed to buy 110 Boeing jets, including 105 737-10s, and added rights for 35 more
- Investors are zeroing in on 737-10 regulatory approval and Boeing’s Jan. 27 results for cash-flow and delivery signals
Boeing shares slipped about 0.7% to $228.12 in after-hours trading on Wednesday, even after Alaska Airlines unveiled its biggest aircraft order ever with the U.S. planemaker.
The deal matters because it puts fresh attention on Boeing’s ability to deliver on a long-stalled growth model: build more jets, clear regulatory hurdles, and turn a swelling order book into aircraft in customers’ hands.
Alaska’s order is heavy on the 737 MAX 10, a model that still needs certification — regulatory approval to fly passengers — and that makes the timeline, and the cash, more complicated than the headline number of planes.
Boeing and Alaska said the order covers 105 737-10s and options for 35 more, plus five 787 Dreamliners. “These planes will fuel our expansion to more destinations across the globe,” Alaska Air Group CEO Ben Minicucci said. 1
A filing showed Alaska finalized orders for 53 additional 737-10s slated for delivery from 2032 to 2035, exercised 52 existing 737-10 options for 2028 to 2032 deliveries, and added 35 more options. It also exercised five 787 options scheduled for delivery between 2031 and 2032. 2
Boeing shares ended the regular session down 0.75%, while Alaska Air Group shares closed down about 2%, after both stocks initially rose. Boeing CEO Kelly Ortberg told an event marking the deal, “We need to perform,” as the companies sought to move past a January 2024 door-plug blowout on an Alaska jet that triggered a broad crackdown. Boeing is still chasing FAA approval for the MAX 7 and MAX 10, with timelines pushed into 2026 amid an unresolved engine anti-ice design issue; the FAA in October cleared Boeing to lift MAX output to 42 a month, easing a post-incident cap. 3
On the Street, Bernstein SocGen lifted its Boeing price target to $277 from $267 and kept an “outperform” rating — meaning it expects the stock to beat the broader market — according to a report published on Tuesday. 4
Boeing said it will report fourth-quarter results for 2025 on Tuesday, Jan. 27, and will hold a conference call at 10:30 a.m. ET with Ortberg and CFO Jay Malave. Investors will be listening for guidance on 2026 deliveries and “free cash flow” — the cash left after expenses and capital spending — after the company’s long stretch of production disruptions. 5
But the Alaska order also underlines what can go wrong: if certification slips again, airlines can reshuffle fleets, push deliveries out, or swap models, and Boeing’s cash inflows move with the delivery calendar. Any new quality lapse, supplier snag, or tighter regulatory checks could slow the production ramp that underpins the stock’s recovery narrative.
Next up is Boeing’s Jan. 27 earnings report and call, with traders also watching for any concrete FAA timetable on the 737 MAX 10 certification.
