Boeing skips jet price hike

SEATTLE: Boeing Co said on Monday it would refrain from increasing jetliner prices for the first time since 2009 as the industry grapples with a slowdown in new plane sales.

“Boeing will continue to quote July 2015 base prices in 2016,” company spokesman Doug Alder said in an email to Reuters.

Airlines typically negotiate steep discounts from the list prices that Boeing and rival plane maker Airbus SAS quote publicly, leaving t he list prices as largely symbolic.

Boeing has held prices steady during sales slow-downs in the past. It did not increase prices in 2001 or 2009, Alder noted. Boeing and Airbus sales fell precipitously those years following the Sept 11, 2001, attacks and the financial crisis.

This year, Boeing has booked new orders for 335 planes though Aug 23, much fewer than the 418 jetliners in the first seven months of 2015, according to company data.

Boeing list prices range from $80.6 million for the small 737-700 to $400 million for the large 777-9X.

Airbus sales have slowed to a net 323 through July this year. That compares with 1,080 in all of 2015. Airbus prices range from about $88.6 million for an A319 up to $428 million for the double-decker A380.

Both major plane makers have struggled to sell their big twin-aisle planes this year as low fuel prices have kept older planes flying longer.

Boeing has said it feels particular pricing pressure from Airbus, but that it will not cut prices simply to win market share.