Boeing’s sales continue to stagnate | CNN Business

Boeing continues to struggle with new plane orders at its factory in Renton, Washington. Despite receiving seven gross orders in April, the company reported only four new jet orders in May – all for the 787 Dreamliner and none for the troubled 737 Max. This is a significant decrease from the 69 jets ordered in May of 2023, and far below expectations. So far this year, gross orders for Boeing are down 36% compared to the first five months of last year.

One bright spot for the company was an order for 85 of its planned 737 Max 10 from American Airlines in March. However, this model of the plane has not yet been approved by the FAA for passenger use. The decline in orders comes after safety concerns and production issues, such as a door plug blowout on a 737 Max jet in January, led to federal investigations and production constraints imposed by the FAA.

Boeing’s overall deliveries of planes to customers also saw a sharp decline in May. The company delivered just 24 jets in the month, which is half of what it delivered in May of 2024. Year-to-date deliveries are down by 36%, impacting the company’s financial results as most revenue from plane sales comes at the time of delivery. In response to these challenges, shares of Boeing fell more than 3%, adding to an overall decrease of over 30% so far this year.

By Samantha Johnson

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