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7:24 a.m. July 14, 2020 - By Tomi Kilgore
Boeing's Q2 commercial airplane deliveries drop 78% from last year as COVID-19 weighsBoeing Co. 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 has gained 9.9%.
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