New York CNN —Boeing reported another weak month for new plane orders as it struggles to overcome questions about safety and production problems with its commercial jets.
The company reported it took orders for only four new jets in May, all for the 787 Dreamliner, and none for the troubled 737 Max.
That was down from even the modest orders of seven gross orders in April, and far below the order of 69 jets it reported in May 2023.
Orders for Boeing jets have fallen sharply, for the most part, from the strong sales it reported in 2023, including a monthly record for orders in December, due to airlines’ eagerness to expand their capacity to meet increased passenger travel demand.
Shares of Boeing, a component of the Dow Jones industrial average, fell more than 3% on the report.
Persons:
Max
Organizations:
New, New York CNN, Boeing, American Airlines, FAA, Alaska Airlines, Dow
Locations:
New York