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Boeing CEO says increasing 737 MAX output is taking longer than expected, shares slide
Kelly Ortberg said wing production constraints and delayed 737-10 certification are slowing Boeing’s plan to raise 737 MAX output to 52 jets a month.
- On Wednesday, Boeing CEO Kelly Ortberg told investors that stabilizing 737 MAX production at 47 aircraft per month is taking "longer than expected."
- Production stabilization faces challenges after Boeing added its Everett North Line just over two months ago, following a Federal Aviation Administration cap of 38 per month after a 2024 safety incident.
- Boeing shares dropped about 2.5% immediately following Ortberg's comments, with the price down 4.5% for the day; the company aims to increase production to 52 jets monthly to address nearly US$26 billion in net debt.
- Ortberg reiterated at a Morgan Stanley conference that certification for the 737-10, the largest MAX variant, is coming "very soon," noting the model represents about 30 per cent of all 737 orders.
- When Chinese President Xi Jinping meets with U.S. President Donald Trump in Washington, D.C. next week, Ortberg downplayed expectations that China would announce a large jetliner order.
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Boeing shares wobble as 737 MAX production takes longer to stabilize (BA:NYSE)
Aeon Aviation Photography Shares of Boeing (BA) fell about 6% on Wednesday after CEO Kelly Ortberg said it is taking longer than expected to stabilize production of the 737 MAX at 47 aircraft a month, raising concerns over the pace of the planemaker’s production Source: Business Insider
Boeing CEO says increasing 737 MAX output is taking longer than expected, shares slide
Boeing CEO Kelly Ortberg said on Wednesday it is taking "longer than expected" to stabilize the 737 MAX production rate at its target of 47 jets a month, and downplayed expectations that China would announce a large jetliner order during a political summit next week.
·London, United Kingdom
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Coverage Details
Total News Sources10
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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