Boeing falls behind Airbus in deliveries as 737 MAX crisis bites

Clay Curtis
July 10, 2019

Boeing marketed the Max as an aircraft with more seats and lower operating costs than the Airbus neo.

Deliveries for the second quarter of 2019 were down 54 percent from the same period a year ago, to 90 aircraft.

US top aircraft manufacturer Boeing Company said Tuesday it delivered 24 737 commercial airplanes in the second quarter of 2019, a drastic fall of about 73 percent from the previous quarter. The company delivered 42 Dreamliners in the second quarter, up from 36 in the first quarter and 39 in the fourth quarter of 2018.

The announcement comes a day after Boeing said Saudi airline Flyadeal, the budget airline arm of Saudi Arabian Airlines Corp., canceled an order worth up to $5.9 billion in favor of a deal with rival Airbus.

Boeing's big decline in deliveries confirms the extent to which the 737 MAX crisis has dented its standing following two recent crashes that killed 346 people. The company reports second-quarter results July 24, when it typically provides an update on its order and delivery outlook.

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Last month, Boeing won a vote of confidence in the troubled 737 Max when British Airways' parent International Consolidated Airlines Group, said it plans to buy 200 of the jets. Boeing delivered 89 737 airplanes in the first quarter. Boeing didn't include the orders in its monthly tally because the order isn't finalized. Flyadeal ordered 30 A320neo jets from Airbus and took options on 20 more, meaning that its entire fleet will consist of planes from that company.

Boeing CEO Dennis Muilenburg has apologized for the loss of lives and vowed to make the plane safer.

Analysts have said non-MAX operators such as Delta Air Lines Inc are expected to do much better this year as they would benefit from reduced supply levels in the form of higher load factors and fares.

The Middle Eastern carrier had announced its intention to the order the planes last month, during the Paris Air Show.

The company's shares rose 3% in early trading and also lifted the stocks of other airlines, providing some relief to a sector that has been battered by thousands of flight cancellations and reschedules in the wake of the grounding.

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