TELETRADER News
2/11, 5:14 PM (Source: TeleTrader)
more TeleTrader news

Boeing has zero net orders in January

The Boeing Co. had zero new orders for its aircraft in January. This is the first time since 1962 and it is mostly affected by two fatal crashes that happened last year.

The company is still waiting for the clearance from the regulators and earlier today, at the Singapore Airshow, Randy Tinseth, Boeing’s vice president for marketing confirmed it will take "several quarters" for 737 Max to fly again. Last week, United States Federal Aviation Administrator Steve Dickson said that the international air safety regulators will likely agree on the required fixes to return the Boeing 737 MAX aircraft to service.

The company's reported net loss came in at $1.01 billion which compares to net income of $3.4 billion in the final three months of 2018. Revenues dropped 37% to $17.9 billion in the fourth quarter year-on-year.

Breaking the News / TF