By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Boeing to Slash Its Rate of Production
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Boeing to Slash Its Rate of Production

Boeing to Slash Its Rate of Production

Jason Appleby
Last updated: 29 July 2020 21:19
By Jason Appleby
3 Min Read
Share
SHARE

Boeing CEO, Dave Calhoun, announced on Wednesday outlining the company’s adjustments to its aircraft production.

As a result of the COVID-19 pandemic, Boeing will reduce the manufacturing rate of the 737, the 777/777X and the 787 Dreamliner.

Is the Coronavirus to blame?

After a tough year, the manufacturer hasn’t just suffered from the pandemic; its biggest downfall came from the grounding of the 737 MAX.

Along with financial implications due to customers cancelling and deferring orders, Boeing has paid out significant amounts to cover damages incurred due to the MAX’s flight ban. Because of this, the company has reported losses of $2.4 billion for Q2.

In a recent letter sent out, Dave Calhoun said:

The reality is the pandemic’s impact on the aviation sector continues to be severe (…) This pressure on our commercial customers means they are delaying jet purchases, slowing deliveries, deferring elective maintenance, retiring older aircraft, and reducing spend — all of which affects our business and, ultimately, our bottom line,
To align to a smaller market, we lowered commercial production rates and took tough workforce actions throughout the quarter. Unfortunately, it’s become clear that we need to make further adjustments based on the prolonged impact of COVID-19.

So, what about other aircraft?

With the production of the new 777X aircraft delayed until 2022, our attention turns to the 787 Dreamliner. The 787-production rate is currently at ten aircraft per month but is expected to drop to just seven by 2022. However, only six 787s will leave the factory each month in 2021.

Delta Airlines Boeing 787
Delta Airlines Boeing 787

The ‘Queen of the skies’ 747 productions will cease in 2022. Until then Boeing will continue to focus output on the freighter version.
To close out quarter 2, Boeing delivered 20 commercial aircraft from a backlog of 4,500. This values at around $326 billion.

What are your thoughts on this? Will Boeing survive the remainder of the pandemic? Let us know what you think in the comments.

You Might Also Like

KLM’s guide to Amsterdam’s beauty in autumn
Visa-Free Travel Agreed Between Oman and Russia
Loch Lomond Seaplanes Shuts Down Mysteriously after 20 years
Cyberattack Disrupts Major European Airports
9 Unique Airport Hotel Experiences
Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Jason Appleby
ByJason Appleby
Follow:
Chief Operating Officer - Jason has experience in the aviation industry and has been a keen AvGeek for many years. Outside of Travel Radar, Jason has held management roles within the leisure industry leading a high performing leisure centre in the UK. Here at Travel Radar he serves as Assistant Chief Operating Officer having previously led Social Media, Editorial and Operations. On the side he loves contributing to international airline news and our passenger experience section!
Previous Article Global Passenger Traffic Won’t Reach Pre-COVID Levels Until 2024: IATA
Next Article RAF Chinook Helicopter Makes Emergency Landing
Subscribe
Login
Notify of
guest

guest

0 Comments
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Edinburgh Airport © Thomas Nugent
Scotland’s Airspace Set for Major Flight Path Overhaul
Airline Economics Airports Aviation Did You Know Route Development Travel
Representative from Cathay Pacific and Airbus signing the joint investment agreement.
Cathay and Airbus Signs Joint SAF Investment Deal
Airline Economics Airlines Aviation
Air New Zealand
IATA Launches the Integrated Sustainability Program
Airline Economics Airlines Aviation
United Airlines Aircraft
United Airlines Flight Diverted Due to Cockpit Windshield Crack
Aircraft Aviation Breaking News
Illustration of a passport and approved visa documents symbolising international travel under the US airlines gender marker rule.
US Airlines Gender Marker Rule Takes Effect for International Flights
Airlines Aviation Travel
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
Welcome to the TR Community!

Sign in to your account

Not a member? Sign Up