Report: Boeing Loses More MAX Orders, but Cargo Demand Is a Bright Spot

Boeing (NYSE: BA) reported more net order cancellations in May, though the need for cargo jets helped soften the blow. The May order report brings total cancellations to over 600 for the year, according to a Wall Street Journal report. The company restarted production for the troubled 737 MAX plane in late May, though the aircraft is still grounded. 

Another 14 of the MAX plane orders were canceled in May, along with four wide-body aircraft, according to the Journal article. This compares to 108 MAX orders that were lost in April, according to the report. Boeing did not deliver any passenger jets in May, though it delivered two 777 cargo jets, one 767 freighter and a military version of the 737, making a total of 60 aircraft delivered so far in 2020. 

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Source Fool.com