PPA - Boeing's Commercial Plane Deliveries Decline In April In The Wake Of Manufacturing Adjustments | Benzinga
Boeing Inc. (NYSE:BA) reported a decrease in April commercial airplane deliveries amid ongoing efforts to enhance production of its 737 MAX.
Boeing handed over 24 commercial airplanes in April, down from 26 a year ago.
The company also faced 33 cancellations in April, primarily due to the cessation of operations by Canadian budget carrier Lynx Air, accounting for 29 of the cancellations, according to a report from Reuters.
Boeing reduced MAX single-aisle jets production to enhance manufacturing quality following increased scrutiny from regulators after a mid-air incident in January.
Wall Street closely monitors aircraft deliveries as it ...