6/9, 6:15 PM (Source: TeleTrader)
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Boeing says cancelations top new orders in May

American multinational corporation Boeing reported on Tuesday it had nine orders and twice as many cancellations in May, which included a switch of a delivery slot for a 747 freighter for UPS.

Dismissed orders included 14 Boeing's 737 Max planes that have been grounded since March 2019 after two fatal accidents that ended with 346 victims.

After the announcement Boeing shares went down by 3.40% to $222.75 at 12:10 pm ET.

Breaking the News / TF