Press Cancellation of Boeing 737 Max orders have ramped up, including 150 cancellations in March 2020. The United States increased tariffs from 10% to 15% on European aircraft and aircraft parts, effective March 18, 2020.
Global air travel has dropped by 95% due to worldwide stay-at-home orders. The coronavirus pandemic is projected to cost the airline industry $63 to $113 billion in lost revenue.
Source: Commercial Aircraft Trends in Manufacturing, Engines & Parts | Gordon Brothers
