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7/14, 7:19 PM (Source: TeleTrader)
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Boeing customers cancel 355 plane orders in H1 2020

American multinational corporation Boeing Co said on Tuesday its customers canceled orders for 355 of its 737 MAX jets in the first half of 2020. Deliveries in the first half of the year also decreased by 71% to only 70 planes.

Greg Smith, Boeing executive vice president of Enterprise Operations stated their "commercial airplane deliveries in the second quarter reflect the significant impacts of the COVID-19 pandemic on our customers and our operations that included a shutdown of our commercial airplane production for several weeks."

Boeing’s shares were up by 0.42% to $176.45 at 13:17 pm ET.

Breaking the News / TF