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Jan. 24, 2020, 2:37 p.m. EST

Boeing to consider more cuts to 787 Dreamliner production: report

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By Claudia Assis

Boeing Co. /zigman2/quotes/208579720/composite BA -3.78% is considering further production cuts to its 787 Dreamliner jets, according to CNBC on Friday, which cited a statement from the jet maker. Boeing last year said it would cut production of the wide-body jets to 12 from 14 a month for about two years beginning in late 2020. Some in the industry had seen risk that the Dreamliner production rate could be further lowered due to lack of demand. Boeing did not immediately return a request for comment. The jet maker has been mired in controversy over its narrow-body 737 Max planes, grounded since March after two deadly crashes. In the statement to CNBC, the company said that it maintains "a disciplined rate management process taking into account a host of risks and opportunities. We will continue to assess the demand environment and make adjustments as appropriate in the future." Boeing shares fell 1.4% on Friday and have lost 12% in the past 12 months, which contrasts with gains of 18% for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -3.56% . Boeing is a Dow component.

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 317.90
-12.48 -3.78%
Volume: 6.04M
Feb. 24, 2020 4:10p
P/E Ratio
N/A
Dividend Yield
2.59%
Market Cap
$186.05 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,960.80
-1,032 -3.56%
Volume: 452.58M
Feb. 24, 2020 4:20p
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