Boeing losses crowns to Airbus as net order drops to lowest in decades

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Boeing losses crowns to Airbus as net order drops to lowest in decades

On Tuesday, the 14th of January 2020, the Chicago, Illinois-based world’s No. 1 low-cost aircraft carrier manufacturer, Boeing Co. had reported its worst downturn in net orders in decades, while the Illinois planemaker’s plane deliveries fell to the lowest level in eleven years in 2019, as the grief-sickened planemaker, which has been grappling with an en mass chaos over its grounded 737 MAX, had been falling far behind from its main competitor, the Airbus SE, world’s second-largest aircraft carrier maker after Boeing Co.

Aside from that, according to the Chicago-based planemaker’s Tuesday’s (January 14th) annual report, Boeing Co. had witnessed a header of 77 per cent in its gross orders to only 246 planes last year, while after cancellation or conversions, net orders stood at just 54 aeroplanes compared to a figure of 893 jets in 2018.

Besides, Boeing Co. had also added in its Tuesday’s (January 14th) statement that its deliveries were plunged by 53 per cent to 380 planes over the course of last year, while analysts’ estimates found out the Illinois planemaker had been bleeding nearly $1 billion per month because of its mass-grounding of 737 MAX.

Boeing Co. had reported a net loss of $3 billion on third quarter last year and its Q4, 2019 earnings’ reports were due on January 29th.