<p>Boeing customers have cancelled orders for dozens of 737 MAX planes as a clouded travel outlook due to coronavirus adds to the jet's woes, according to figures released Wednesday.</p>.<p>Shares of the aerospace giant dove further after it reported 43 cancellations for the MAX in 2020 as of the end of February in a monthly update on its website.</p>.<p>The company also experienced a big drop in plane deliveries, which stood at 30 at the end of February, compared with 95 in the year-ago period.</p>.<p>Boeing has said it expects the MAX to receive regulatory approval to resume flights at mid-year, but if that holds, the jet will return at a highly uncertain time for airlines.</p>.<p>Carriers around the world have cancelled thousands of flights as the coronavirus effectively shuts down key markets like China and Italy and chills demand generally.</p>.<p>Shares of Boeing plunged 11.9 per cent to UD 203.59, with the orders report adding to another bad day for US stocks more broadly.</p>.<p>Boeing had been down steeply even before the figures following a Bloomberg News story that the company will make use of all of a USD 13.8 billion loan obtained from banks last month.</p>.<p>The MAX has been grounded for the last year after two crashes that killed 346 people, spawning numerous lawsuits and investigations.</p>.<p>On Tuesday, families of victims of the second crash on an Ethiopian Airlines plane commemorated the one-year anniversary of the catastrophe. </p>
<p>Boeing customers have cancelled orders for dozens of 737 MAX planes as a clouded travel outlook due to coronavirus adds to the jet's woes, according to figures released Wednesday.</p>.<p>Shares of the aerospace giant dove further after it reported 43 cancellations for the MAX in 2020 as of the end of February in a monthly update on its website.</p>.<p>The company also experienced a big drop in plane deliveries, which stood at 30 at the end of February, compared with 95 in the year-ago period.</p>.<p>Boeing has said it expects the MAX to receive regulatory approval to resume flights at mid-year, but if that holds, the jet will return at a highly uncertain time for airlines.</p>.<p>Carriers around the world have cancelled thousands of flights as the coronavirus effectively shuts down key markets like China and Italy and chills demand generally.</p>.<p>Shares of Boeing plunged 11.9 per cent to UD 203.59, with the orders report adding to another bad day for US stocks more broadly.</p>.<p>Boeing had been down steeply even before the figures following a Bloomberg News story that the company will make use of all of a USD 13.8 billion loan obtained from banks last month.</p>.<p>The MAX has been grounded for the last year after two crashes that killed 346 people, spawning numerous lawsuits and investigations.</p>.<p>On Tuesday, families of victims of the second crash on an Ethiopian Airlines plane commemorated the one-year anniversary of the catastrophe. </p>