Boeing's Q2 commercial airplane deliveries drop 78% compared to last year
Year to date, Boeing has delivered 70 new airplanes.
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Staff or Guest writer for The Dog of Wall Street.
2020-07-14 13:32

This is the 6th straight month were Boeing has not shown any order growth. Greg Smith, Boeing executive vice president of Enterprise Operations, chief financial officer and interim leader of Communications said the following: "Our commercial airplane deliveries in the second quarter reflect the significant impacts of the COVID-19 pandemic on our customers and our operations that included a shutdown of our commercial airplane production for several weeks. We have and will continue to work with our customers on specific timing and adjustment to deliveries,"

Boeing's Q2 commercial airplane deliveries drop 78% compared to last year

Major program deliveries during the second quarter were as follows:

Boeing's Q2 commercial airplane deliveries drop 78% compared to last year

"We continue to closely monitor the commercial marketplace by staying very engaged with our customers around the globe to fully understand short term and long term requirements. All of this is informing current and future production rates and any further adjustments as needed to balance supply and demand going forward. The diversity of our portfolio including our government services, defense and space programs will continue to provide some stability as we navigate through the pandemic and rebuild stronger on the other side."

In order to start the recovery process Boeing needs to get the 737 Max back in the air as soon as possible. There may be no new orders for the plane for a while, but the company has more than 4,100 unfilled orders for the 737 Max.


Disclaimer: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

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