Boeing Co is now unlikely to deliver more than 500 of its 737 MAX planes to cust...
- Boeing Co is now unlikely to deliver more than 500 of its 737 MAX planes to customers this year, and even that will depend on a swift removal of an effective halt in deliveries after June, Wall Street analysts said on Monday.
The company’s delivery numbers for March are due to be published on Tuesday and are expected to show customers took less than half of a previous consensus estimate of 46 planes as the groundings prevented flights. An estimate for March last week from another brokerage, Baird, was as low as 19 planes.
Cowen now expects full-year deliveries of “around 500”, down from its earlier forecast of 630 737 MAX jets. Jefferies expects Boeing to deliver 497 737 MAX planes, down from 580. “This could delay a resumption of MAX deliveries to U.S. carriers until June ... foreign deliveries may not resume until Q3 or possibly Q4,” they added.
Of the 26 analysts covering Boeing, four now have a “hold” rating on the stock, according to Refinitiv Eikon data, while two rate it as “strong sell”.
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