New Boeing Plane Orders Wiped Out by Cancellations
Boeing released its latest report on airplane orders received -- and canceled -- through mid-April on Thursday, showing no increase in net orders from the previous week.
To date this year, the aerospace giant has booked:
- 274 "gross" orders for various flavors of its 737 regional airliner
- four orders for the 777 airliner
- one 747 order
- one 787 order.
Once again, Boeing's latest tally shows a total absence of recent orders for any of Boeing's larger aircraft. For weeks now, we haven't seen news of a single order for a 747-, 777-, or 787-model aircraft. Notably, the 20 new 777-9X airliners, six 777-300ERs, and 14 787-9 Dreamliners that Japan's ANA Holdings announced it was ordering nearly a month ago still have not showed up in Boeing's official order book.
What is reflected in the book is the fact that Boeing added five new orders for 737-model airplanes over the past week -- but then had these new orders canceled out by cancellations of five orders for 737s. Boeing did not identify the airlines ordering the new aircraft, or making the cancellations.
To date, Boeing has suffered 45 cancellations of plane orders (all single-aisle 737s). Subtracted from the company's 280 gross orders booked across all aircraft models, this leaves net new orders at 235 -- the same as last week.
The article New Boeing Plane Orders Wiped Out by Cancellations originally appeared on Fool.com.Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.