Boeing Q1 airplane deliveries fall, with 737 deliveries down nearly 50% from previous quarter

Boeing Co. /zigman2/quotes/208579720/composite BA -3.81% reported Tuesday first-quarter commercial airplanes deliveries totaled 149 aircraft, down from 238 in the fourth quarter and from 184 in the same period a year ago. The stock fell 1.3% in morning trade. Deliveries of 737 aircraft fell to 89 in the latest quarter, a 49% drop from fourth-quarter deliveries of 173, and about a third of last year's deliveries of 132. Deliveries of 767, 777 and 787 aircraft all fell from the previous quarter, while 747 deliveries doubled to 2 from 1. The delivery declines come as groundings of Boeing's 737 MAX jets continue in the wake of recent crashes. Boeing's stock has shed 6.7% amid a three-session losing streak. It has gained 14.6% year to date, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88% has climbed 12.2%.

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Boeing Co.

US : U.S.: NYSE

$ 161.14

-6.39 -3.81%

Volume: 22.06M

Sept. 18, 2020 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$90.96 billion

Rev. per Employee

$660,961

/zigman2/quotes/210598065/realtime

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Dow Jones Industrial Average

US : Dow Jones Global

27,657.42

-244.56 -0.88%

Volume: 703.89M

Sept. 18, 2020 5:15p