FAST FIVE: Boeing 737 MAX Deliveries Crash 38%

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Reuters reports Boeing delivered 258 737 MAXs in the first seven months of 2019, versus 417 last year, which accounts for a -38% reduction in deliveries, risks being displaced by European rival Airbus.

The company was in the process of ramping output to 57 per month, but that has since been abandoned.

Boeing's backlog of 737s is about 4,600; however, some potential clients have already switched to Airbus.

Southwest is one carrier that has removed all 737 MAXs from its schedule until early 2020.

With delivers crashing in the first seven months, new orders have also plummeted 71% in the same period on a YoY basis.

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