Boeing’s April Deliveries Lowest Since 2008
THE COMPANY DELIVERED ONLY SIX PLANES TO CUSTOMERS IN APRIL, THE LOWEST NUMBER OF DELIVERIES SINCE 2008
(CNN0 – More bad news for Boeing.
The airline manufacturer is struggling.
And they say April ended up being one of its toughest months yet.
Deliveries of new planes ground to a near halt, they only delivered 6, the lowest number in more than a decade.
And more and more orders are being canceled.
Losing deliveries is a big deal because Boeing gets most of the money from airlines when the plane is actually delivered.
They say they lost more than a billion dollars in the first quarter and made the decision at the end of last month to cut 16,000 jobs to try to save money.
All of this of course is in response to the massive drop in air travel because of the coronavirus pandemic; it’s plunged more than 90% from a year ago.
Airlines are parking most of their planes and cutting back on plans to buy new ones.
Tuesday on the Today Show, Boeing CEO Dave Calhoun said it’s likely a major u-s airline could be forced to go out of business.
Still, he’s optimistic and says he believes air travel will resume, even if it takes 3 to 5 years to get back to where it was last year.