Boeing stock declines amid plans to cut 737 Max production

Boeing stock declines amid plans to cut 737 Max production

Boeing said it would cut production of its 737 MAX aircraft, as it struggles with worldwide grounding of the narrowbody jet following two fatal crashes in less than five months. On Friday, the company cut its monthly 737 production by nearly 20 per cent. Including Monday’s losses, the grounding has so far wiped off about $26 billion from Boeing’s market value.

Simone
Simone
Mike Clark
Mike Clark 1 year

They have a monopoly anyway

Miles O'Brien
Miles O'Brien 1 year

Surprise reduction? The EU and Airbus are celebrating.

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