Fitch Ratings revised Boeing's ($BA) outlook to stable from positive, citing a forecast of 420-450 737MAX deliveries in 2024, which is approximately 100 lower than previous forecasts. The revision reflects the view that Boeing's path to reaching positive triggers is likely to be delayed by around 12 months from prior expectations. This adjustment has repercussions across the aviation industry, with airlines such as Alaska Airlines ($ALK), United Airlines ($UAL), and Southwest Airlines ($LUV) adjusting their capacity estimates to "in flux", halting plane construction not certified by the FAA, and cutting capacity forecasts due to fewer Boeing deliveries. The production and safety issues at Boeing are forcing airlines to pause their expansion plans, impacting everything from hiring to ticket prices.
Production and safety issues at Boeing are causing airlines to wait for new planes and pause expansion plans, which could affect everything from hiring to ticket prices. https://t.co/dOT9Zdfdga
Airlines awaiting new fleet deliveries from Boeing say they're being forced to curb expansion plans, potentially affecting everything from hiring to ticket prices. https://t.co/m3Zx47t7Or
$BA's issues are spreading to the rest of the industry: $ALK's 2024 capacity estimates are "in flux" due to scrutiny of Boeing $UAL asked Boeing to stop building planes not certified by FAA $LUV cut its capacity forecast, citing fewer Boeing deliveries https://t.co/XRudyYQnBo
Fitch cuts Boeing's rating outlook to 'stable', sees lower MAX deliveries https://t.co/g96hdfYIBe https://t.co/o84mdkt73C
⚠️ FITCH CUTS BOEING'S RATING OUTLOOK TO 'STABLE', SEES LOWER MAX DELIVERIES Full Story → https://t.co/asrawWpYlC Fitch Ratings on Friday cut its rating outlook on Boeing to "stable" from "positive," as it believes the U.S. planemaker may take roughly 12 months longer in…
$BA FITCH REVISES BOEING'S OUTLOOK TO STABLE
$BA FITCH ON BOEING- FORECASTS BETWEEN 420-450 737MAX DELIVERIES IN 2024, APPROXIMATELY 100 LOWER THAN PRIOR FORECASTS FITCH: OUTLOOK REVISION REFLECTS VIEW THAT BOEING'S PATH TO REACH POSITIVE TRIGGERS TO LIKELY BE DELAYED BY AROUND 12 MONTHS FROM PRIOR EXPECTATIONS
🔴 FITCH REVISES BOEING'S OUTLOOK TO STABLE.
$BA | Fitch Revises Boeing's Outlook To Stable https://t.co/6LBmVdvP5T