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Non-Tech : Airline Discussion Board
JETS 25.18-2.0%Nov 13 4:00 PM EST
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From: Moonray8/11/2020 11:54:06 PM
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Boeing’s order drought continues
and airplane cancellations pile up
Leslie Josephs

Boeing customers, mostly aircraft leasing firms, cancelled 43 planes in July,
the sixth month in a row that the manufacturer reported more lost orders than
new sales. The Chicago-based company had no new orders in the month.

The pandemic has been especially painful for airlines and aircraft manufacturers
as concerns about the virus continue to keep travelers off airplanes. Travel
demand could take more than two years to recover, according to Boeing’s
CEO and other industry executives.

This year through July, Boeing has net negative orders of 836 planes and its
backlog stands at 4,496 planes down from 4,552 aircraft in June.

Boeing shares eased off the day’s highs after the sales report but were
still up more than 3% on the day.

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