The in front Boeing 737 MAX 9 airliner is pictured at the company’s factory on March 7, 2017 in Renton, Washington. The 737 MAX 9, which can finance up to 220 passengers, is the second of three variants of the popular single-aisle model.
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Boeing logged orders for new freighter regulars in May, but cancellations continued to outpace new business as the coronavirus roils the air travel industry.
The company reported nine orders and twice as myriad cancellations, which included a switch of a delivery slot for a 747 freighter for UPS, the company said.
The scrapped orders comprehended 14 of its 737 Max planes, the beleaguered jet that has been grounded since March 2019 after two fatal topples killed 346 people.
Boeing’s backlog shrank to 4,744 planes, the lowest since 2013, including gone haywires the company periodically removes from its tally due to financial trouble or other factors at some customers, a practice it didn’t accept in place seven years ago.
Boeing shares were off more than 3% in midday trading.
The manufacturer’s inventory has rallied close to 70% over the past month as signs of passengers returning to air travel lifted the sector, but its allots are still down more than 30% so far this year.