Planemakers Boeing, Airbus Grapple With Delivery Delays As Airline Crisis Grows
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SEATTLE/CHICAGO/PARIS (Reuters) - Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
The world's largest planemakers make most of their money when they deliver jets, but airlines are doing everything possible to preserve cash as air travel plummets and even financially sound U.S. carriers could defer deliveries.
"We don't know what the world is going to look like in two weeks let alone two months," one industry source close to fleet plans told Reuters on Monday.
Boeing did not immediately respond to a request for comment.
Dozens of brand-new aircraft were sitting outside factories at both planemakers, especially jetliners destined for...
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