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July 25, 2019, 10:01 a.m. EDT

Boeing's stock drops again, shaves about 85 points off Dow's price

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By Tomi Kilgore

Shares of Boeing Co. /zigman2/quotes/208579720/lastsale BA -10.27% took another dive Thursday, and accounted for the bulk of the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA -4.06% decline, after Southwest Airlines Co. /zigman2/quotes/201071949/lastsale LUV -11.76% pushed out its expected return of the grounded 737 Max fleet to January. Boeing's stock dropped 3.5% in morning trading, after losing 3.1% on Wednesday after second-quarter results. The stock has now shed 7.5% amid a four-session losing streak. The $12.51 price decline on Thursday was shaving about 85 points off the Dow's price, which was down 126 points. Southwest said it will expand the 737 Max-related flight adjustments through Jan. 5, 2020, while American Airlines Group Inc. /zigman2/quotes/209207041/lastsale AAL -10.34% said Thursday it was staying at Nov. 2. Separately, Boeing Chief Executive Dennis Muilenburg said the company will consider temporarily shutting down 737 Max production if its return is delayed beyond the current October forecast.

/zigman2/quotes/208579720/lastsale
US : U.S.: NYSE
$ 162.00
-18.55 -10.27%
Volume: 47.88M
March 27, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
5.07%
Market Cap
$91.40 billion
Rev. per Employee
$660,961
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
21,636.78
-915.39 -4.06%
Volume: 591.33M
March 27, 2020 5:12p
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/zigman2/quotes/201071949/lastsale
US : U.S.: NYSE
$ 36.38
-4.85 -11.76%
Volume: 8.30M
March 27, 2020 6:30p
P/E Ratio
8.50
Dividend Yield
1.98%
Market Cap
$18.82 billion
Rev. per Employee
$373,554
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/zigman2/quotes/209207041/lastsale
US : U.S.: Nasdaq
$ 14.04
-1.62 -10.34%
Volume: 50.78M
March 27, 2020 4:00p
P/E Ratio
3.68
Dividend Yield
2.85%
Market Cap
$5.98 billion
Rev. per Employee
$345,547
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