Boeing loses more 737MAX orders as Cargo demands increase

With the advent of Covid-19 pandemic, Boeing lost more orders of the its 737MAX series. In the month of May they encountered a cancellation of 14 737MAX jets.

Despite the fact that this series was grounded in March 2019 due to the two crashes, the cancellations came from plane-rental companies.

Although the company started its production again in late May, the aircraft will still remain grounded unless Boeing and Federal regulators have announced its air worthiness.

Nevertheless, the cancellations in the month of May added to more than 600 total cancellations for the year 2020.

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Boeing did not deliver any passenger jets in May but delivered two 777 cargo jets, a 767 freighter and a military version of 737 adding to a total of only 60 deliverable aircraft in the year 2020.
It is because of the demand of cargo aircraft during the pandemic that Boeing is able to atleast make up for the losses incurred.

Moreover, Boeing has three different kinds of cargo jets, and also they have been working to convert passenger jets into cargo ones for transporting various goods like medical supplies, protective equipments etc.
Although they have Cargo operations as backup, Boeing said recently that it plans to eliminate nearly 16000 jobs due to depressed demands of air travel.

In Conclusion, while the plane-maker faces a challenge with its passenger jets and specifically its issues with the 737MAX series, so far cargo jets have taken over the driver's seat and probably looks to for months to come.