Earlier last month, Boeing experienced an increase in orders, following a huge deal with South Airlines that helped to offset another round of canceled flight plans for its 737 Max Airliner.
Boeing on Tuesday was quoted saying that it received 196 orders in March alone. These orders included the 100 from Southwest while losing 156 orders to cancellations. Turkish Airlines got rid of a commitment for 50 Max Jets, where they replaced some with options.
In total, the net gain of the previous 40 orders led to the increase in Boeing’s first-quarter total to 76 orders.
In the recent past, Boeing has experienced a decrease in orders for the last two years. First, the setback was accelerated by the 737 Max Jets where two crashed in a grizzly accident last year. Secondly, was the ongoing COVID-19 pandemic that brought global flight travel to a standstill, where airline demands went to an all-time low.
Luckily, flight travel is slowly picking up with recent developments in the fight against COVID-19. The roll-out of effective vaccines is one such factor that has contributed to the rising number of tickets last month. However, the vaccine numbers remain far below pre-pandemic levels.
For example, in the U.S alone, around 1.5 million people have passed through airport checkpoints this month. This is a very low figure compared to the average 2.3 million people per day recorded in April 2019.
Boeing requires sustained growth in travel to push the market for replacement planes, and eventual growth with its air flight clients.
This Chicago-based manufacturer delivered on 29 commercial planes in April with 7 large body planes, 19 Maxes, and three 737s for military use. On the other hand, American Airlines on Tuesday said in a press release that it had agreed on terms with Boeing to defer the delivery of 19 787 planes, and 18 Max Jets by up to two years.
American, another major client for Boeing, made the disclosure stating it expected a first-quarter loss of up to $1.3 billion. Yet, Boeing shares rose by 1.5%
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Photo Credit: boeing.com