Orders At Boeing Drop To A 16-Year Low

New plane orders at Boeing are the lowest since 2005 and deliveries the lowest since 2005. Blame the Boeing 737 Max.

Due to never-ending 737 Max issues, plane orders at Airbus have soared while Boeing Orders Fall to 16-Year Low.

Quick Comparison Facts

  1. Boeing New Orders: 246 new orders for commercial jets of all types before cancellations and model swaps is the lowest tally since 2003.
  2. Airbus New Orders: 1,131 new orders last year for a net total of 768 counting cancellations.
  3. Boeing Deliveries: 380 aircraft, including military versions of its jetliners, a 14-year-low that compares.
  4. Airbus Deliveries: Airbus had 863 deliveries, a record high.
  5. Boeing Backlog: 4,500.
  6. Airbus Backlog: The A320, Airbus’s rival to the Boeing 737 family, is currently sold out until late 2024.
  7. Airbus new orders were boosted by the launch of an A320 variant that boasts more range. The bigger A321 XLR has been eating into the potential market that Boeing envisions for its first all-new aircraft model in a decade.
  8. American Airlines Group Inc. said Tuesday that it would remove the MAX from its schedules until June, two months longer than previously planned.

Layoffs Tensions Spread

The 737 Max woes are starting to impact Boeing suppliers like Spirit AeroSystems. A couple weeks ago, Spirit announced it would shift its workforce around to work Airbus production.

On January 10, Spirit AeroSystems announced a 2,800 Worker Lay Off.

The biggest Boeing Co. 737 MAX supplier said it is planning an initial 2,800 layoffs, the first announced job cuts since the grounding of a plane that is rippling through the broader aerospace industry.

Spirit AeroSystems Holdings Inc. makes the fuselage and engine parts for the MAX and had been producing enough for 52 jets a month before Boeing said it would freeze assembling the planes in January for a “temporary” time.

Spirit Chief Executive Tom Gentile said the decision was a “necessary step” given the uncertainty with MAX production. The company said it could have to cut more workers.

1 2
View single page >> |

Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.