Boeing net orders slump to lowest in decades
By comparison, Airbus said earlier this month it racked up a net 768 orders last year after cancellations and delivered a record 863 planes.
The aviation industry is seeing a slowdown in orders, as fears of an economic downturn linger and global economies slow amid an ongoing U.S.-China trade war.
Click here for an interactive graphic: (https://tmsnrt.rs/383wlxl)
Boeing said on Tuesday deliveries fell by 53% to 380 planes over the whole of last year, as the MAX's grounding made it impossible for it to deliver the planes to airline customers, forcing it to halt production earlier this month.
Planemakers receive most of their revenue when aircraft are delivered - minus accumulated progress payments - making final delivery crucial for their finances.
Analysts estimate that Boeing has been losing around $1 billion a month because of the grounding and it reported an almost $3 billion negative free cash flow in the third quarter. Fourth-quarter figures are due on Jan. 29.
Boeing parted ways with Chief Executive Officer Dennis Muilenburg last month as it became increasingly clear that he was making little headway in resolving the crisis.
The company is still working to fix the MAX and there is little clarity on when it is likely to get the green light from regulators to bring it back into service, making analysts and investors jittery about its prospects in 2020.
Boeing loses its crown to Airbus pnghttps://tmsnrt.rs/3a7hSCk
Boeing loses its crown to Airbus interactivehttps://tmsnrt.rs/383wlxl
(Reporting by Tim Hepher in Paris, and Ankit Ajmera and Rachit Vats in Bengaluru; Editing by Patrick Graham and Shounak Dasgupta)
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