The American aerospace company Boeing Co. (BA.N) said on Tuesday that it failed to sell a single commercial airplane this year with clients cancelling another 108 orders for its grounded 737 MAX planes. It marked the second month this year in which Boeing received zero orders making it the worst year for the company since 1962.
Boeing Co.’s order book slipped below 5,000 units for the first time in seven years as a sharp drop in air travel decreased the demand for new jetliners.
“Something will happen when September comes around. Traffic levels will not be back to 100%, they won’t even be back to 25(%). Maybe by the end of the year we approach 50(%),” Boeing’s Chief Executive Officer David Calhoun said on NBC’s “Today” show.
Boeing said on Tuesday that it delivered just six airliners in April, bringing its 2020 total to 56 jets. Boeing’s sales were down by 67% as it faces the biggest crisis in its history.
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
The U.S. Federal Reserve’s holdings of bonds and other securities fell on its fourth consecutive week, dropping below $7 trillion, while one key emergency liquidity measure slid to zero. The market took this as a sign that financial ...
On Thursday, Boeing Co (BA.N) announced that the company is pulling the plug on its hulking 747 jumbo jets, ending a half-century run for the twin-aisle pioneer. According to the aerospace company, the last 747 jumbo jets would roll out from ...
Wall Street shares jumped on Monday and the S&P 500 was on track for its largest quarterly gain since 1998. This was mainly from upbeat investors’ mood for a stimulus-driven economic recovery. Moreover, an increase in Boeing shares ...
On Tuesday, Spirit AeroSystems Holdings Inc. (SPR.N) shares fell by 13% after its key supplier Boeing Co. (BA.N) revealed that the planemaker significantly reduced its orders for shipment this year. “Boeing indicates in the June 19 letter ...