Boeing (NYSE:BA) saw customers cancel 150 orders for its troubled 737 Max jetliner last month, according to published reports Tuesday.
Shares of Boeing fell 2.4% in morning trading.
Net cancellations for March were 119 taking into account orders for wide-body jets and military aircraft, CNBC reported. Total cancellations for the first quarter were 307.
Boeing has currently stopped production due to the Covid-19 pandemic. The 737 Max jet has been grounded since two fatal crashes last year.
“We are working closely with our customers, many of whom are facing significant financial pressures, to review their fleet plans and make adjustments where appropriate,” the company said in a statement. “At the same time, Boeing Co.tinues to adjust its order book to adapt to lower-than-planned 737 MAX production in the near term.”
