Boeing’s 787 Delivery Drought Shows Crisis Behind Rally
- No Dreamliners delivered in month for first time since 2013
- Air freighters are sole bright spot as cargo demand rises
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Boeing Co. didn’t sell or deliver any of its marquee 787 Dreamliner jets in May, a reminder that the U.S. planemaker is still enveloped in crisis from the coronavirus pandemic even as its stock has skyrocketed on optimism that travel will rebound.
The Chicago-based manufacturer shipped only four commercial jets last month, down from 30 a year earlier. The Dreamliner, a crucial source of cash, was shut out of monthly deliveries for the first time since regulators temporarily suspended the wide-body aircraft from flying after two battery fires in 2013, according to Bloomberg Intelligence.