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Boeing suffers 2nd consecutive month with no airline orders

Boeing had no orders for new aircraft for the second straight month in October, and orders for 37 of its Max jets were canceled as the company continues to grapple with the Max creation and a pandemic that has crippled the aviation industry.

Boeing shipped 13 aircraft in the last month, up from 20 in October 2019. The Chicago company relies on shipments to generate cash flow.

Rival Airbus had a better month, booking 11 new orders and shipping 72 aircraft in October.

Both companies have been hurt by the pandemic, which has seen air traffic drop sharply, airlines in financial distress and hardly any new aircraft needed.

Boeing last reported a new aircraft order in August. No orders for commercial aircraft could be recorded in five of the first ten months of this year.

Boeing announced Tuesday that customers canceled orders for 12 Max jets in October and Boeing canceled orders for an additional 25 Maxes from its backlog due to buyers’ financial weakness. Boeing’s order book for Max jets has shrunk by more than 1,000 this year.

The Max has been on the ground worldwide since March 2019 after a total of 346 people were killed in two accidents. Boeing expects US security regulators to approve changes to software, computers and pilot training by year-end and clear the aircraft for resumption of flight.

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