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July 14, 2020, 11:25 a.m. EDT

Boeing's Q2 commercial airplane deliveries drop 78% from last year as COVID-19 weighs

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By Tomi Kilgore

Boeing Co. /zigman2/quotes/208579720/composite BA -2.60% reported Tuesday a 78% decline in second-quarter commercial airplane deliveries, citing the "significant impacts" of the COVID-19 pandemic on its customers and operations, which included a several-week shutdown of production. The aerospace and defense giant said it delivered a total of 20 commercial airplanes during the quarter, down from 90 a year ago. Deliveries of 737 planes fell to 4 from 24, while 787 deliveries dropped to 7 from 42. Year to date, Boeing has delivered 70 commercial airplanes, down from 239 at the same time last year. Meanwhile, Boeing said its defense, space and security business made a total of 44 deliveries in the second quarter, including a total of 27 AH-64 Apache new and remanufactured helicopters, compared with 37 deliveries last year, including 17 AH-64 Apaches. Boeing's stock rose 0.4% in morning trading. It has run up 25% over the past three months, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% has gained 9.9%.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 175.44
-4.69 -2.60%
Volume: 40.67M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$101.67 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,976.84
+289.93 +1.05%
Volume: 342.07M
Aug. 12, 2020 5:10p
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