The company delivered 30 planes in the first
two months of the year compared with 95 a
year earlier, before it halted shipments of Max
jets. Boeing depends on deliveries to generate
cash flow.
Airlines, however, are retrenching to survive a
sharp downturn in travel — they are unsure how
long it will last.
The three largest U.S. airlines — Delta, American
and United — and several international carriers
have announced deep cuts to their schedules.
The International Air Transport Association,
an airline trade group, estimates that the virus
could cost airlines up to $113 billion in lost
revenue, with the biggest losses in Asia, whose
fast-growing airlines were on a buying spree for
new jets.