Deliveries from Boeing Co further slowed in May.
Shipments of Boeing Co further slowed in May from April, the overwhelming impact of the coronavirus pandemic on airlines adding to a year of crisis after the grounding of its 737 MAX aircraft, company data.
The American aircraft maker said it released only four planes in May, down from six it delivered in April, its lowest total for the month in six decades and about 87% lower than ‘it only delivered to customers around the same time a year ago.
Deliveries are financially important to planners because airlines pay most of the purchase price when they receive the plane.
Customers also canceled orders for 18 more aircraft in the past month, including 14 MAX aircraft which were the company’s best-selling aircraft until a pair of crashes occurred just over a year ago. ‘a year.
As Boeing resumed production last week and plans to make MAX deliveries in the third quarter, many aircraft rental companies and airlines, including Southwest Airlines, United Airlines and GOL of Brazil, have canceled or postponed delivery , the industry facing a collapse in air travel. since January.
Earlier on Tuesday, Reuters announced that Emirates, one of the largest long-haul airlines in the world, has laid off hundreds of pilots and thousands of cabin crew.
Boeing shares fell more than 3% in the early afternoon.
Boeing recorded nine new wide-body aircraft orders and deliveries included two 777 aircraft, a 737 NG (Next Generation) for the U.S. military and a 767 cargo aircraft, but no passenger aircraft.
The cancellations in May came from a multitude of aircraft rental companies, including three from Aviation Capital Group, one from CIT Aviation, four from the rental division of General Electric Co, and six unidentified customers.
Leasing companies, which control more than 40% of the global fleet, are among MAX’s biggest customers.
After further accounting adjustments representing aircraft ordered in previous years but now unlikely, adjusted net orders for Boeing dropped to 602 aircraft.
(With the exception of the title, this story was not edited by GalacticGaming staff and is published from a syndicated feed.)
