Saturday, November 27, 2021
49.7 F
Fort Worth

Boeing deliveries of 737 tumble in 2nd quarter

🕐 2 min read

CHICAGO (AP) — Deliveries of Boeing airliners tumbled 37% in the second quarter following two deadly crashes involving its best-selling plane, and Europe’s Airbus surged far ahead in the competition between the world’s leading aircraft manufacturers.

Airbus said Tuesday that it delivered 389 planes in the first half, up 28% from 303 a year earlier. Shipments were strong for its more fuel-efficient A320neo family of planes.

Boeing reported that it delivered 239 planes in the first half of 2019, down from 378 in the same period last year. Deliveries of Boeing 737s, a work horse for short and medium-length flights, dropped by more than half.

A year ago, airlines were snapping up Boeing’s 737 Max, which competes with the Airbus neo. But the Max has been grounded worldwide for nearly four months, since the second of two crashes that together killed 346 people. Boeing suspended Max deliveries in March but continues to ship an older 737 model called the NG.

For the third straight month, Boeing indicated that it received no new Max orders in June. However, the parent company of British Airways said last month that it intends to buy 200 — a move seen as a show of support for the troubled plane. Boeing didn’t count those as orders because the deal is not yet final.

Tuesday’s twin reports came a day after Saudi budget airline flyadeal reversed its earlier intention to order 30 Max jets from Boeing and instead put in an order for 30 A320neo jets and took options on 20 more. The deal with Airbus is worth $5.5 billion at list prices, although discounts are common.

Flyadeal, part of Saudi Arabian Airlines Corp., has an all-Airbus fleet.

Meanwhile, the White House announced Tuesday that Qatar Airways had purchased five Boeing 777 cargo planes. The Middle Eastern carrier had announced its intention to the order the planes last month, during the Paris Air Show.

Boeing is scheduled to report second-quarter financial results on July 24.

Shares in the Chicago company rose $1.97 to close at $353.09.

Related Articles

Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate