Obviously the 737 Max was already in deep, deep trouble, and airlines were growing impatient with the yearlong grounding. But travel has come to a virtual standstill because of coronavirus, and airlines don't exactly need new planes right now. Super-cheap oil has also convinced some companies to live with their older, less fuel-efficient fleets for the time being.
So airlines canceled more orders for Boeing planes than they added new ones, Boeing announced Wednesday.
Boeing said customers canceled a net 43 orders for 737 Max jets in February. Although it received orders for other planes, Boeing still had a net-negative 25 orders for the month.