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On the radar: Boeing posts 44 new orders for March; gross orders year-to-date 95, net orders 91

Boeing posted 44 new orders for March. Three were from North American buyers, 38 from non-domestic buyers, and 3 were unidentified.  For 2019 to-date, gross new orders totaled 95 with 4 changes to net out to 91 at the end of the first quarter. The number of orders for March was up 44 from a meager 5 in February.

Unsurprisingly, there have been no new orders for 737 MAX aircraft since the end of February. Given Boeing’s recent troubles, it is probable the monthly totals for new orders will remain on the low side, at least until the Paris Air Show (June 17-23).

When new orders for durable goods for March are reported on Thursday, April 25 at 8:30 ET, the increase in orders should help support higher month-over-month values for the transportation component which reflected the scarcity of nondefense aircraft orders in February.

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