Industry orders and deliveries plummet as Boeing takes pain

There were mixed fortunes for the two mainline jet manufacturers during Q1 2020, but the overall trend was in the wrong direction amid a declining economic outlook. Buoyed by a strong start to the year, Airbus ended the quarter with 290 net orders and 122 deliveries. Toulouse’s performance was aided by keeping cancellations to just 66 aircraft. Boeing on the other hand continued to suffer the effects of the Max grounding, which hampered its delivery performance and stymied single-aisle sales. This meant it shipped just 50 aircraft in total during the first 3 months, putting the OEMs’ combined tally at 172 deliveries. For Seattle, a calamitous situation with orders saw cancellations afflicting almost every product line, but concentrated on the Max. <br/>