Fitch On Boeing, Forecasts Between 420-450 737MAX Deliveries In 2024, Approximately 100 Lower Than Prior Forecasts
Portfolio Pulse from Benzinga Newsdesk
Fitch has revised its forecast for Boeing's 737MAX deliveries in 2024 to between 420-450 units, approximately 100 units lower than its previous estimates, according to Reuters citing Fitch Rating.
March 15, 2024 | 4:34 pm
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Fitch has lowered its 2024 delivery forecast for Boeing's 737MAX by about 100 units, indicating potential challenges for Boeing.
The reduction in the forecasted number of 737MAX deliveries for 2024 by Fitch suggests potential operational or demand challenges for Boeing. This revision could negatively impact investor sentiment and the stock price in the short term, as it implies lower than expected revenue and possibly higher costs or inefficiencies.
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