Boeing December 2020 orders: Negative 17 planes

CNBC's Phil LeBeau reports on the final numbers for Boeing's delivery and order numbers in 2020. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
Boeing had its worst year for net aircraft sales on record in 2020 as the coronavirus pandemic added to the company’s woes, but more interest for its beleaguered 737 Max planes cropped up at the end of the year.
The Chicago-based manufacturer on Tuesday said it logged gross orders for 184 aircraft in 2020, including more than 80 of its 737 Max planes in December, a month after U.S. regulators lifted a 20-month ban on the jetliners following two deadly crashes.
Customers canceled orders for more than 650 planes last year. Boeing removed more than 1,000 planes from its backlog, taking into account orders it didn’t think would be fulfilled. That marked the worst year for net orders on record for the company, according to data from Teal Group, an aerospace consulting firm.
Boeing delivered 157 planes in 2020, the fewest since 1984, according to Richard Aboulafia, vice president of analysis at Teal Group.
Boeing shares were down slightly Tuesday after it released the sales data.
The 737 Max grounding and the pandemic weren’t Boeing’s only problems last year. Additional inspections of the company’s 787 Dreamliner planes delayed deliveries of the wide-body jets, which are more expensive than the 737 line. Last month, CFO Greg Smith said Boeing would further trim production of the Dreamliners to five a month from six. Before the pandemic Boeing had planned to ramp up production of the planes to as many as 14 a month, but repeatedly scaled back production targets as demand slipped.
The planes are often used for long-haul international travel, the type of route that has seen demand drop dramatically in the pandemic because of the virus and travel restrictions.
“As we continue navigating through the pandemic, we’re working closely with our global customers and monitoring the slow international traffic recovery to align supply with market demand across our widebody programs,” Smith said in a press release Tuesday.
Boeing’s chief rival, Airbus, is also suffering from the pandemic. It delivered 566 planes to customers in 2020, a 34% drop from the year before. Adjusting for cancellations, Airbus sold 268 airplanes last year.
In December, Boeing had 90 gross orders, including 75 Maxes for European budget carrier Ryanair, one of the airlines that has used the crisis to go bargain hunting as demand for new planes dropped. Alaska Airlines last month said it would upsize its 737 Max order by 23 planes as it shifts toward an all-Boeing fleet.
The company resumed deliveries of the Max planes last month, a milestone for the manufacturer after the grounding. American Airlines, which became the first U.S. airline to restart commercial flights with Max last month, took 10. Boeing delivered eight Max planes to United Airlines, whose Max flights are set to resume in February.
Air cargo has been a relative bright spot during the pandemic as quarantines have helped boost e-commerce and a decline in passenger flights translated to less belly space available air freight.
On Tuesday, Atlas Air Worldwide Holdings announced an order for four Boeing 747-8s and DHL Express said it is buying eight Boeing 777 freighters.
Boeing will update investors on its 2021 outlook when it reports full-year earnings results on Jan. 27.
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评论 

  1. Nathaniel Fabian Hardijanto

    Nathaniel Fabian Hardijanto

    11 天 前

    Indonesia?

  2. server1

    server1

    11 天 前

    Another Boeing bites the dust ...

  3. Stephanie Graphie

    Stephanie Graphie

    11 天 前

    *No 1: Don't Only Hope On Government For Income,* *No 2: As An Individual Look For Different Self Income Not Only Waiting on Monthly Wages,* *No 3: Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.* *It's 100% Good To Have Different Ways To Gain Income* *Because Government have failed us so therefore let's try and survive*

    • Hakim Veira

      Hakim Veira

      11 天 前

      I hope so too let's just wait and see the feedback

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      11 天 前

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      11 天 前

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      11 天 前

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      11 天 前

      I can also brag about this Jack he has managed my account in such a way winning is the only standard I know

  4. Goodle In

    Goodle In

    12 天 前

    I will buy Boeing stocks in next couple year

  5. Ryan The 14 Year Old Investor

    Ryan The 14 Year Old Investor

    12 天 前

    Gm or AMD?

    • Kay Realist

      Kay Realist

      6 天 前

      NVDA

  6. Alpha Black

    Alpha Black

    12 天 前

    This will be a 3-5 years of turbulence but I got nothing but time and patience. Over a century of experience in aerospace, Boeing will be regain it title once again only time will tell

  7. TV FaP

    TV FaP

    12 天 前

    cnwill.info/show/aricgoeUgsmis6I/sh-p-n.html The COVID-19 pandemic has been spreading across the world, and countless people are suffering. There is also the locust plague and floods. Do you think these are just coincidental occurrences? The Scripture even says that people will faint from fear and the expectation of the things which are coming upon the world. The day in which God brings His punishment upon this earth is this age because of the evil that people have committed.

  8. carocarochan

    carocarochan

    12 天 前

    And what happen when MAX the killer crashes again? It's a disaster waiting to happen...

  9. JP JP

    JP JP

    12 天 前

    My startup sold more planes than Boeing last month. Looking to launch an IPO soon with a $300,000,000 valuation

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    seeriktus

    12 天 前

    Is it priced in though?

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  11. Michael McIntyre

    Michael McIntyre

    12 天 前

    Who’s going to order these death traps . Boeing inspecting and approval of planes yourself shows complete disregard of human life .profit over human life .

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      Shain Andrews

      12 天 前

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    12 天 前

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