Boeing Co's orders and deliveries sank in the first quarter, with zero new ...
- Boeing Co’s orders and deliveries sank in the first quarter, with zero new orders for the 737 MAX following a worldwide grounding in March in the wake of two fatal plane crashes.
Total orders, an indication of future demand, fell to 95 aircraft in the first quarter from 180 a year earlier, suggesting a wait-and-watch approach for airlines as Boeing rides out the worst crisis in its history. Deliveries are financially important because that is when planemakers receive the bulk of money from airlines’ purchases.
Boeing’s shares, which have lost about 13% since the crash, were down 1.66 percent at $368.32 in afternoon trading. Boeing said last week it would cut monthly 737 MAX production by 20 percent starting mid-April, without giving an end-date.
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