Boeing
received orders for only four new planes in May — and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January.
The results released Tuesday compared unfavorably with Europe’s Airbus, which reported orders for 27 new planes in May
Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet, bringing its net sales for the month to three.
The dismal results followed poor figures for April, when Boeing reported seven sales — none of them for the Max.
Boeing hopes that the slow pace of orders reflects a lull in sales before next month’s Farnborough International Airshow, where aircraft deals are often announced.
But the Federal Aviation Administration is capping Boeing’s production of 737s after a door plug blew out from an Alaska Airlines Max, allegations by whistleblowers that Boeing has taken shortcuts to produce planes more quickly, and reports of falsified inspection records on some 787 Dreamliner jets.
Boeing, based in Arlington, Virginia, delivered 24 jetliners in May, including 19 Max jets. Ireland’s Ryanair got four and Alaska Airlines took three. Airbus said it delivered 53 planes last month.
In a critical Support line. BA (BOEING) is Set see a 120 in these coming months.
BA (BOEING) DD. Boeing sales tumble as the company gets no orders for the 737 Max for the second straight month
byu/Androcles_InTheSky inwallstreetbets
Posted by Androcles_InTheSky
16 Comments
I want to know why the BOD and the senior execs have been allowed to get away with destroying the company – I believe some prior pay and stock options should be demanded back and they all get sacked.
From World War II to just recently, every single Boeing plane had flawless engineering, and now malfunctioning Boeing planes are in the news all the time. I can’t believe their stock didn’t crash months ago. Why would anyone want a Boeing plane?
Puts? Doesn’t seem this will be fixed anytime soon
When regards on WSB say puts, I buy
Time for rebranding the name.
It’s about to ink a deal with Israel for 30 planes. They also have a back log of deliveries for 5+years. You won’t see this get to the 120s. You might catch it in the 160s depending on bad news.
Bullish
Unironically bullish
#Ban. No positions.
Bearish now bullish longterm
They still have a backlog of over 5000 aircraft orders, I wouldn’t forecast their downfall just yet lol
Their biggest customer is the US government I thought? I won’t bet against Boeing in the long term till they retire the B-52
That’s actually a good thing inventory is not moving. These should go back to those airplanes they have and fix the issues so people would fly safely.
We have the DOJ and FTC going after successful tech companies rather than how a great American company was destroyed and lives put at risk
Oh now it go down. I had puts on BA last week. It was going up.
I’ll start posting my positions and everyone should buy the opposite.
Calls it is.