• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Boeing New Aircraft Orders Implode From 183 To Just 2 In January

Tyler Durden's picture




 

After the now several week old exploding battery fiasco, Boeing is nowhere closer to resolving the recurring problem for its appropriately renamed Nightmareliner. But the worst for the company may be yet ahead: as the following chart from Stone McCarthy shows, January new aircraft orders collapsed from 183 in December to a meaningless 2 in January: a seasonally strong month, with some 150 orders a year ago, and more weakness to come as Boeing just warned its first Norwegian delivery due in April may be delayed. But while it was expected that the company's quality control failure would eventually catch up to it, the broader implication is that this month's Durable Goods number, released February 27 and of which transportation is always a key variable at least at the headline level, will be a disaster.

From Stone McCarthy:

New orders for aircraft at Boeing plunged to a mere 2 in January, down 181 from the hefty 183 in December. This is a rapid drop after four months of strong orders, and will have a big impact on the transportation component for January durable goods orders when it is published at 8:30 ET on Wednesday, February 27.

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Fri, 02/08/2013 - 08:54 | 3225446 Papasmurf
Papasmurf's picture

D'ough!

Fri, 02/08/2013 - 09:46 | 3225543 Chuck Norris
Chuck Norris's picture

But isn't Boeing ISO certified?  How can deliveries possibly be late?  You'd think if they implemented a rigorous ISO quality standard there would be no issue with batteries or deliveries.  Makes you wonder....

Fri, 02/08/2013 - 11:02 | 3225771 Manthong
Manthong's picture

Hmm..

Does it depend upon whether they get their ISO from S&P or Moody's?

Fri, 02/08/2013 - 13:35 | 3226287 12ToothAssassin
12ToothAssassin's picture

This comment hidden due to low ratings

Fri, 02/08/2013 - 08:54 | 3225447 GetZeeGold
GetZeeGold's picture

 

 

Crap....does this mean I have to fly on an Airbus?

Fri, 02/08/2013 - 09:00 | 3225453 Ghordius
Ghordius's picture

just ask for a seat that was not built in socialist France but in capitalist Britain and you should be fine

remember to use the toilets built in Spain instead of those built in Germany (those are more austere)

Fri, 02/08/2013 - 11:15 | 3225810 Manthong
Manthong's picture

I'd take an Airbus 319 or 320 over a POS 737 any day.

Fri, 02/08/2013 - 09:05 | 3225465 unrulian
unrulian's picture

i love the smell of bailout in the morning..

Fri, 02/08/2013 - 09:56 | 3225562 13thWarrior
13thWarrior's picture

Bernanke don't surf.

Fri, 02/08/2013 - 12:44 | 3226067 tarsubil
tarsubil's picture

There isn't going to be any bailout. In unrelated news, the White House Air Force One fleet is going to be expanded by 150 planes.

Fri, 02/08/2013 - 09:34 | 3225520 nightshiftsucks
nightshiftsucks's picture

No it just means that you have to crash on Airbus

Fri, 02/08/2013 - 10:20 | 3225618 BeetleBailey
BeetleBailey's picture

Screamliner

Fri, 02/08/2013 - 08:59 | 3225451 ziggy59
ziggy59's picture

This is due to past, present, and future bad weather, no?

Fri, 02/08/2013 - 09:00 | 3225452 Monedas
Monedas's picture

Obamaebonomics !

Fri, 02/08/2013 - 09:05 | 3225466 Bobbyrib
Bobbyrib's picture

Globalization at its finest. Get a bunch of companies together to make components that when put together do not function properly.

Fri, 02/08/2013 - 09:28 | 3225503 dark pools of soros
dark pools of soros's picture

They can always cut more labor costs to make up for lack of sales

Fri, 02/08/2013 - 09:33 | 3225518 Never One Roach
Never One Roach's picture

No worries. Abdul in Delhi said he'd get back to us later today.  Basil Throckmorton III in Bath said he would ring us back after tea time. Wang Fu said the Guangzhou plant is closed b/c of the the New Year celebration (Year of the Snake) and O'Mally wants to finish a pint of Guinness first.

 

Seattle simply need to be more patient.

Fri, 02/08/2013 - 13:10 | 3226174 A Nanny Moose
A Nanny Moose's picture

Simplistically, how do you put something together, from 3 different zones using 3 different standards of measurement, where 2 of those standards make no sense whatsoever?

Fri, 02/08/2013 - 09:01 | 3225458 Poor Grogman
Poor Grogman's picture

Laws of physics meet transport industry...

Fri, 02/08/2013 - 09:01 | 3225459 topspinslicer
topspinslicer's picture

This is great news! -- 2 is very sustainable (oh how I have come to hate that word!!!)

Fri, 02/08/2013 - 09:02 | 3225460 ParkAveFlasher
ParkAveFlasher's picture

Got silver?

For them batteries...

Fri, 02/08/2013 - 09:02 | 3225461 Papasmurf
Papasmurf's picture

You can't make large amouts of DC electricity from thin air without something blowing up.

Fri, 02/08/2013 - 09:10 | 3225472 Monedas
Monedas's picture

Why not put silver solar panels on the backs of these whales .... they fly above the clouds .... well there is the night problem ?

Fri, 02/08/2013 - 09:31 | 3225509 dark pools of soros
dark pools of soros's picture

Why not windmills? Lots of wind up there

Fri, 02/08/2013 - 10:40 | 3225687 post turtle saver
post turtle saver's picture

You may think that's funny but that's the way many emergency APUs work... vents are opened to a free air turbine, which spins to power a generator. That way you can have emergency power without need for hauling hydrazine or other nastiness around.

Fri, 02/08/2013 - 18:39 | 3227199 mjcOH1
mjcOH1's picture

For the small price of some kinetic energy, of which there's usually a surplus anyway when you hit the ground.   And in the meantime, you can dim the windows.

Fri, 02/08/2013 - 09:09 | 3225471 More_sellers_th...
More_sellers_than_buyers's picture

Who can fly on a plane if you cant even get through the airport?

Fri, 02/08/2013 - 09:10 | 3225473 PUD
PUD's picture

YA BUT WHAT WERE THE "SEASONALLY ADJUSTED" ORDERS? PROLLY A COUPLE HUNDRED HIGHER I'D GUESS...BUT I'M NOT A GOV EXPERT I ADMIT

Fri, 02/08/2013 - 09:10 | 3225474 indya
indya's picture

One for Obama and One for BigBen to flee to Antartica.

Fri, 02/08/2013 - 09:34 | 3225516 dark pools of soros
dark pools of soros's picture

Is there a central bank there yet? Can they bail everyone out?

Fri, 02/08/2013 - 09:11 | 3225475 youngman
youngman's picture

If they would just drop the "GREEN" battery thingy....and go old school...they will get back in the game....but they are going to lose a lot of military orders I think....this should affect durable goods...but then again...it might be seasonably adjusted

Fri, 02/08/2013 - 21:24 | 3227837 smiler03
smiler03's picture

There is absolutely nothing green about a lithium battery. Why don't they use lead/acid batteries as an interim measure. Perhaps it would bugger the centre of gravity.

Fri, 02/08/2013 - 09:11 | 3225476 Venerability
Venerability's picture

Boeing should have bought Bombardier three years ago at 12-13 share.

When it finally realizes it HAS TO buy it - next year? the year after? - it's going to have to pay twice as much. 

Very occasionally, Market Bullying backfires.

Fri, 02/08/2013 - 09:14 | 3225481 Ghordius
Ghordius's picture

+1 but is Bombardier really compatible with Boing? from a technical side? or would this merger be just another way to buy market shares on credit?

Fri, 02/08/2013 - 09:22 | 3225492 Venerability
Venerability's picture

In addition to the C-series and all it means, Boeing would be able to dominate the private jet market, just as it is again beginning to take off, after several very bad years.

And it would overnight become the leader in passenger rail, which many of us believe is at the tippy tip cusp of a true worldwide Renaissance.

A Boeing-Bombardier hook-up would also advance the US-Canadian business relationship by light years!

And as someone here said the other day, if things deteriorate further, Canada may well divorce the US and marry China.

 

Fri, 02/08/2013 - 09:35 | 3225521 a growing concern
a growing concern's picture

LOL.  You think the US would let Canada leave and hook up with China?  Get real.  There'd be boots on the ground searching for your newly discovered Al Quaida Canada (AQC) terrorist leaders in about 7 seconds flat.  We'd surely "liberate" your poor country with our payloads of "freedom" and "justice".  Just stay away from major infrastructure and you should be okay.

Fri, 02/08/2013 - 09:43 | 3225527 augustusgloop
augustusgloop's picture

why boots on the ground when they could just launch a drone from Detroit? 

(GA predator there's your durable good orders)

Fri, 02/08/2013 - 09:35 | 3225517 augustusgloop
augustusgloop's picture

Was MD compatabile w/ Boeing? If you believe the nancy-pants at the New Yorker, it was MD (American Tupelov) culture that took over Boeing...Makers of the DC-10 telling the most innovative & reliable aircraft engineers how to make a plane on the cheap.

Fri, 02/08/2013 - 13:14 | 3226188 koncaswatch
koncaswatch's picture

You must be an industry insider; there is very much truth in your comment.

If Boeing fixes this problem, 787 / Boeing huge success: if not, a major fail and a serious set of domino toppling that could easily end in "re-organization".

Fri, 02/08/2013 - 09:13 | 3225478 Monedas
Monedas's picture

I nominate Chris Dorner as Honorary Piers Morgan Sky Marshall !

Fri, 02/08/2013 - 09:17 | 3225484 John Law Lives
John Law Lives's picture

"...this month's Durable Goods number, released February 27 and of which transportation is always a key variable at least at the headline level, will be a disaster."

That is not the proper way to look at this situation under the new paradigm.  This is an OPPORTUNITY for the Durable Goods number for March to show an increase over a disastrous number in February as proof that things are getting better... and that everyone should buy more stawkes...

FUBAR for breakfast.

Fri, 02/08/2013 - 09:36 | 3225523 nightshiftsucks
nightshiftsucks's picture

And it taste so good.

Fri, 02/08/2013 - 09:25 | 3225498 yogibear
yogibear's picture

The nightmareliner. 

Maybe those PhD's at the Fed can destroy what's left of the dollar and impoverish 80% of the population and bankrupt the rest.

 

 

Fri, 02/08/2013 - 09:32 | 3225511 krispkritter
krispkritter's picture

If they had done as thorough an investigation of the battery issue as the TSA does on my privates every time I fly, there wouldn't have been a problem...maybe have TSA open a 'probe' into the tissue, er, issue?

Fri, 02/08/2013 - 09:33 | 3225519 Dr. Engali
Dr. Engali's picture

Come on you know you like it..admit it.

Fri, 02/08/2013 - 17:24 | 3227229 mjcOH1
mjcOH1's picture

The trick is to leave the suit in the garment bag and wear jeans while flyiing.    Because if you're going to get your balls grabbed by a monkey with a badge and a room temperature IQ, it's a lot more comfortable when everything's high and tight.

And always opt-out of the scanner and take the pat down.   Because why take the RF exposure....and then get flagged for the pat down in addition.

 

Fri, 02/08/2013 - 09:49 | 3225552 Monedas
Monedas's picture

Yeah, like it takes a long time to search your private parts ?  Self promotion going on here !  LOL !  "I'm walkin' here !" ... D. Hoffman

Fri, 02/08/2013 - 09:32 | 3225514 TideFighter
TideFighter's picture

They brought NASA in to fix it. Too bad Skeeter already forced the 

brains of NASA to other jobs or early retirement.  

Fri, 02/08/2013 - 09:43 | 3225538 Karl von Bahnhof
Karl von Bahnhof's picture

Shoot down few bombers...

Fri, 02/08/2013 - 09:45 | 3225540 Monedas
Monedas's picture

Prepare for rotation into Boeing shares to fuel lift off of stocks !

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