Boeing Gross Orders Slumped 80% In 2019
Boeing’s gross aircraft orders for 2019 slumped to an all-time low fuelled by a drop in orders for the 737 model, according to data gathered by financial publication LearnBonds.
The data shows that the gross orders declined from 1,090 in 2018 to 246, representing a decline of about 80%.
The decline in gross orders was mainly fuelled by the slump in orders for the 737 narrow-body jet airliner. Last year, the American manufacturer received only 69 unit orders for the model.
This was a significant drop of about 91.7% from the 837 orders received in 2018. The slump was mainly linked to the safety concerns around the 737 MAX following two fatal crashes.
Boeing’s peak in orders was in 2012, 2013 and 2014, when the orders stood at 1,184, 1,208 and 1,196 respectively.
In the aviation industry, Boeing and Europe’s Airbus are considered as the leading aircraft manufacturers worldwide.
Cumulatively, since 2006, Airbus has received more gross aircraft orders at 15,403 compared to Boeing's 13,486.
Amid the slump in Boeing orders, most clients shifted to Airbus.
In 2019, Airbus' gross aircraft orders were 1,131, an increase of about 26.5% from the 831 gross orders received in 2018.
Anna Kroupina Journalist
Anna is OJ's newest member and she joins the team as a writer/reporter. She co-writes the daily news and covers events. Although she's new to the industry, pursuing a career path in travel/tourism has been a goal since her first family road trip to the Florida Keys sparked a desire to discover the world and this exhilarating, fast-paced industry.
