• ForgottenFlux@lemmy.worldOP
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    18 days ago

    Summary:

    • Boeing sales tumbled in May, with only 4 new plane orders and no orders for the 737 Max for the second straight month
    • This compares unfavorably to Airbus, which reported net orders for 15 planes in May
    • Boeing also saw Aerolineas Argentinas cancel an order for a single Max jet
    • Boeing’s stock fell 3% in afternoon trading
    • The poor sales results follow weak figures in April, when Boeing reported 7 sales with none for the Max
    • Boeing hopes the slow pace reflects a lull before the upcoming Farnborough Airshow, but the company is facing issues like the FAA capping 737 production and allegations of production shortcuts and falsified inspection records
    • Despite the recent slow sales, Boeing still has a huge backlog of over 5,600 orders
    • Buffalox@lemmy.world
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      18 days ago

      Despite the recent slow sales, Boeing still has a huge backlog of over 5,600 orders

      I wonder what those orders are? They could be mainly orders for extra bolts.

      • bulwark@lemmy.world
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        18 days ago

        Boeing is the industry in the military-industrial-complex. Commercial jetliners are an ancillary product for them.

        • CaptainPedantic@lemmy.world
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          18 days ago

          No, their airlines are not an ancillary product. They are their main product. According to Boeing’s earnings reports, the commercial aircraft segment of the company made up 56% of total revenue in 2018, 42% in 2019, 27% in 2020, 30% in 2021, 38% in 2022, and 43% in 2023. The rest of their revenue is split between the Defense, Space and Security segment, and the Global Services segment.

          Prior to 2017, the vast majority of the earnings for the whole company came from the Commercial Airplanes segment. Since then, that segment has been operating at a loss. Since 2022, both Defense and Commercial Airplanes have been operating at a loss.

          If you’re curious you can look up Boeing’s 10-k form. Page 56 has the revenue breakdowns.

      • Hildegarde@lemmy.world
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        18 days ago

        Those are orders for the 737. Not parts, newly constructed aircraft. Airbus’s similary sized A320 has a backlog of 7197 according to wikipedia.

      • Flipper@feddit.de
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        18 days ago

        Not sure if this is serious. Boeing and Airbus are booked with orders for the next several years. They both could not get a single new order and would have work to do for the next half decade.

        • 14th_cylon@lemm.ee
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          18 days ago

          Not sure if this is serious.

          if you are really not sure whether this:

          They could be mainly orders for extra bolts.

          is serious, then i recommend to not attempt crossing a street without supervision 😜

          • breadsmasher@lemmy.world
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            18 days ago

            its a valid question.

            “Are they orders for whole planes, or for anything boeing might produce such as bolts?”

            Does that simplify it for you? Careful crossing the streets

        • Hildegarde@lemmy.world
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          18 days ago

          Several years is an understatement. At current rates of production it will take at least 14 years to fulfill all orders.