Disasters drag down Boeing's deliveries of new jets

An American Airlines jet takes off from Washington National Airport in Washington

This showed a stumble in Boeing's deliveries, especially the commercial planes compared to the 184 commercial delivery in Q1 of 2018, 132 of which were new single-aisle 737s.

Chinese airlines operated 97 of the 371 737 MAX jets in service before the grounding, the most of any country, according to Flightglobal data.

The fall in order suggests that airlines had adopted a wait-and-watch approach as Boeing looks to ride out the worst crisis in its history. The lawsuit seeks damages for Boeing stock investors from January 8 to March 21.

The filing at a Chicago federal court alleges that the aerospace company defrauded investors over the safety features of Boeing's 737 Max aircraft which was involved in two fatal crashes: one in Ethiopia last month and another in Indonesia a year ago.

As reported earlier by CNN, Boeing may face compensation claims of more than US$2 billion, and that amount is still growing.

The downgrade of Boeing's stock follows the crashes of Ethiopian Airlines Flight 302 on March 10 and Lion Air Flight 610 on Oct 29, 2018.

In the first quarter of past year, Boeing took 122 orders for 737s, including 112 for the Max, led by large orders from Southwest Airlines and Ireland's Ryanair. Meanwhile, airlines that own the almost 400 grounded Max jets are canceling flights.

"Boeing's CEO explicitly apologised to 346 passenger families", said Merdian Agustin, whose husband died in the crash.

On Tuesday, American Airlines cut a key revenue estimate after canceling 1,200 flights in the first quarter due to the grounding of its 24 Max jets.

Hart said the "accidents of the future" will not be mechanical problems like an engine falling off but rather like the two fatal MAX crashes where anti-stall software and pilot actions have been raised.

It also said Boeing's statements about its growth prospects and the 737 MAX were undermined by its alleged conflict of interest from retaining broad authority from federal regulators to assess the plane's safety.

Shares of Chicago-based Boeing fell $5.48, or 1.5%, to close at $369.04.

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