Boeing delivered a complete of 59 industrial planes within the fourth quarter capping a disappointing yr for the American aircraft producer.
In whole, the corporate delivered 157 industrial jets in 2020, a 59 per cent drop on the 320 deliveries made in 2019.
Boeing noticed demand for its planes, particularly wide-body jets utilized in long-haul flights, plummet with the Covid-19 pandemic.
The grounding of the Boeing 737 Max additionally took a toll, with manufacturing charges minimize final yr.
Nevertheless, the aircraft has now returned to industrial service, leaving Boeing to argue 2021 will likely be a yr of restoration.
“By the worldwide pandemic, we took significant steps to adapt to our new market, rework our enterprise and ship for our industrial, defence, area and companies prospects in 2020,” stated Greg Smith, Boeing government vp of enterprise operations and chief monetary officer.
“The resumption of 737 MAX deliveries in December was a key milestone as we strengthen security and high quality throughout our enterprise.
“We additionally continued complete inspections of our 787 airplanes to make sure they meet our highest high quality requirements previous to supply.
“Whereas limiting our 787 deliveries for the quarter, these complete inspections signify our deal with security, high quality and transparency.”
He added: “As we proceed navigating via the pandemic, we’re working carefully with our international prospects and monitoring the sluggish worldwide visitors restoration to align provide with market demand throughout our widebody packages.
“In 2021, we’ll proceed taking the correct actions to boost our security tradition, protect liquidity and rework our enterprise for the longer term.”
Whereas additionally hit by the pandemic, rival Airbus reported a smaller drop in 2020 deliveries earlier this week.