With one week remaining in June, Boeing’s order tally took another minor hit: one order for a 737 was cancelled last week.
No new orders were booked, according to the company’s Web site, which it updates on Thursdays.
Boeing has just nine net orders through June 23.
In (somewhat) good news, the drop in passenger air traffic stabilized in May and freight traffic actually saw a small improvement, the International Air Transport Association reported today.
International passenger traffic was down 9.3 percent in May compared to the previous year. But both April and May saw less severe year-over-year declines in passenger traffic than did March, which logged in a 11.1 percent decline from March 2008.
And demand for freight was down 17.4 percent in May compared to the same month last year. But that’s better than the 21.7 percent decline seen in April.
“We may have hit bottom, but we are a long way from recovery,” said Giovanni Bisignani, IATA’s Director General and CEO. “Capacity is not aligned with demand. …This crisis is the worst we have ever seen.”
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
