Jun 11, 2024, 6:05 PM
Jun 11, 2024, 3:15 PM
Boeing's Weak Sales Performance Continues for Second Consecutive Month
- Boeing's sales remained stagnant for the second month in a row with no new orders for the 737 Max.
- The company's struggles with safety concerns and production issues continue to impact its commercial jet sales.
- Investors and industry analysts are closely monitoring Boeing's sales performance amidst ongoing challenges.
Boeing faced challenges in new plane orders in May, with only four orders for the 787 Dreamliner and none for the troubled 737 Max. This is a significant drop from previous months and years, with a 36% decrease in orders compared to last year. The company's deliveries also decreased, impacting its financial results. Boeing's struggles contrast with Airbus, which reported more net orders in May. Issues such as safety concerns, production problems, and regulatory limitations have contributed to Boeing's difficulties. Despite these challenges, Boeing still maintains a substantial backlog of orders.