The additional cancellations coupled with Boeing's move to take some orders off of its firm order tally, pushed the company's backlog down to 4,834 planes. Last month it had unfilled orders of 5,049 planes. Among the customers that canceled orders wasThe backlog is the smallest since 2013, but Boeing said in 2018 that it implemented new accounting procedures under which it can take some orders off the tally if a purchaser doesn't meet certain criteria.
The pandemic has posed the greatest threat to the air travel demand in recent memory, industry executives have said. While off the lows, U.S. air passenger traffic is down more than 90% from a year ago as shelter-in-place orders, work-from-home setups and concerns about the virus in general keep most potential travelers home.Calhoun told NBC's "TODAY" show in an interview that aired Tuesday that, but he didn't to go into specifics.
The pandemic is an additional problem for Boeing that was already struggling with the 737 Max crisis. Those planes have been grounded for the last 14 months worldwide after two fatal crashes — one in Indonesia in October 2018 and another in Ethiopia in March 2019 — killed all 346 aboard the two flights.
Source: News Formal (newsformal.com)
Sounds like phil has a bottle of tums next to him
That's tough business situation for Boeing due to US trade war and COVID-19 pandemic.
stoolpresidente
Its a tough time for $BA but they will outperform the market by mext year.
THEY ARE NOT 1) FLYING PLANES, 2) STOPPING PRODUCTION OF BOEING MAX. DID YOU EXPECT THEM TO PERFORM WELL AT ALL
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Boeing sees zero orders again in April, MAX cancellations mountBoeing Co recorded zero orders for the second time this year in April and customers canceled another 108 orders for its grounded 737 MAX plane compounding its worst start to a year since 1962. Looks like that guy ryangrim was just quoting had a point.... Should of saved for a rainy day huh? And HOW MANY planes do airlines have sitting unused in desert?
Source: Reuters - 🏆 2. / 97 Read more »
Boeing CEO David Calhoun says US airline could fail due to coronavirus - Business InsiderBoeing CEO David Calhoun did not specify a carrier, but said that a major US airline could fail this fall due to the coronavirus pandemic. Could? British Airways They shouldn't of took all the profits out of the business for years,, own fault, zero sympathy 🤷♂️
Source: BusinessInsider - 🏆 729. / 51 Read more »
Qantas pauses plane deliveries from Airbus, Boeing due to virusQantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic. The fools get in line to buy the dead stocks. And yet, QantasUSA Qantas wants an exemption so they can fly full flights when COVID-19 restrictions ease. Fucked up. Hello
Source: Reuters - 🏆 2. / 97 Read more »
Ryanair cools on Airbus, moves back towards all-Boeing fleetRyanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O'Leary told Reuters. 🤮🤮🤮 I cooled off from Ryanair years ago. that's a mistake
Source: Reuters - 🏆 2. / 97 Read more »
Boeing deliveries drop to an 11-year low as canceled orders climbBoeing was dealt a double blow in April as deliveries of new planes ground to a near halt and canceled orders continued to climb in response to an unprecedented drop in air travel caused by the coronavirus pandemic. The economists should look carefully into the chain of reaction from the WH. The WH is, so far, proving its stupidity in handling the pandemic crisis. So many chances for WH to control the virus spread but it shows only arrogance & ignorance by whining and blaming.That's stupid Not surprising when you sell a plane that crashes on purpose.
Source: CNN - 🏆 4. / 95 Read more »
Boeing CEO Warns A Major Airline Will ‘Most Likely’ Go Out Of Business This Year Because Of CoronavirusI am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at isabel.togohforbes.com, or follow me on Twitter bissieness. I look forward to hearing from you. Help!!! My friends and I are optimizing our keychain online store to make it more suitable for Europeans and Americans. We would like some kind people to review our store and give us feedback. Your support would be greatly appreciated. The link to our store is on my profile. Should have saved some of the billion dollar profits you earn every quarter and throw it in our faces. aww man!! What a shame. US-based airlines are such high-quality, comfortable experiences with super courteous staff
Source: Forbes - 🏆 394. / 53 Read more »