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Analysts had expected that the increase in production would make Boeing deliver nearly 600 737 aircraft this year, 90% of which are MAX models. Boeing’s share price fell more than 2% in the hours after it announced the news on Friday, and the company’s current market value is $216 billion. Boeing’s market value has evaporated by more than $25 billion since last month’s fatal crash on a 737 MAX aircraft from Ethiopian Airlines.
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Analysts had expected that the increase in production would make Boeing deliver nearly 600 737 aircraft this year, 90% of which are MAX models. Boeing’s share price fell more than 2% in the hours after it announced the news on Friday, and the company’s current market value is $216 billion. Boeing’s market value has evaporated by more than $25 billion since last month’s fatal crash on a 737 MAX aircraft from Ethiopian Airlines.