Boeing delivery of 737 jets registers drastic fall in Q2 2019

Airlines are set to report earnings as Boeing 737 Max troubles set to linger for months more

With the 737 MAX grounding now expected to last until close to the end of this year, it's pretty clear that the company's cash flow in 2019 is going to be way short of expectations. Some analysts think this cancellation won't be the last.

People work near the door of a 737 Max aircraft at the Boeing factory in Renton, Washington, U.S., March 27, 2019.

The numbers indicate that Boeing's full-year deliveries are likely to fall behind its European rival for the first time in eight years.

The Flyadeal A320neo will be delivered from 2021 to join the A320ceo now used by Saudi Arabia's airline. Leading analysts have slashed their profit forecasts for Boeing due to the 737 MAX crisis, which has halted deliveries and forced the company to store planes after they are manufactured.

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Boeing, which has halted deliveries of the top-selling plane since mid-March, reported 239 commercial plane deliveries in 2019 through the year's midpoint, down 37 percent from the year-ago period. Together, the two orders are valued at roughly $10 billion, at record prices, although carriers are sometimes provided substantial reductions. "The big issue is Airbus' production capacity. Airbus needs to find ways to increase its production capacity for its A320 line of aircraft, which isn't easy to do".

Other carriers also are weighing options.

Boeing marketed the Max as an aircraft with more seats and lower operating costs than the Airbus neo. In April, flydubai said it may consider an Airbus order to replace its Max order. The Chicago-based company has a backlog of about 4,600 737 jets. For the year to date, Boeing has delivered 22 767s, almost as many as the 27 it delivered in all of last year.

Flyadeal, the budget airline run by Saudi Arabian Airlines, declared on Sunday that it'd purchase as much as 50 Airbus A320neo planes, the competing narrowbody model to Boeing's 737 Max, and function an all-Airbus fleet. In a statement today, Boeing said it's "proud of its seven-decade long partnership with Saudi Arabia's aviation industry and we wish the flyadeal team well as it builds out its operations".

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