Boeing's deliveries slump amid 737 MAX crisis
It's no secret that 2019 was a rough year for Boeing, and now the company has released the numbers that show just how bad it was.
Last year, the manufacturer delivered only 380 jets to airlines, down from 806 in 2018. The shortfall was in large part because the 737 MAX was its best-selling models, and deliveries have been on hold since March 2019, when global regulators grounded the narrowbody workhorse following two crashes that left 346 people dead.
Orders for new aircraft also hit a 16-year low in 2019, and The Associated Press noted Boeing saw some major order cancellations as airlines like India's Jet Airways went out of business.
Sign up for the free daily TPG newsletter for more airline news.
By deliveries, Boeing is now far behind its European rival Airbus, which handed off 863 jets to customers in 2019.
Boeing has paused production of the 737 MAX as it works to address a software issue suspected of contributing to both accidents involving the aircraft.
The troubled jet's saga has stretched into 2020, with a few major developments since the start of the year. First, Boeing reversed its long-held position that pilots should not need simulator training if they were certified to fly earlier versions of the 737. Then, a slew of internal communications were made public that called the company's safety culture into question. And, on Tuesday, American Airlines announced another new delay to its plans to return its MAX jets to service, joining United in saying that the plane would remain off schedules until June. Southwest Airlines currently projects its MAXes returning by April, but regulators have not announced any official timeline for re-certifying the jets.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.


