“I genuinely believe that Boeing’s going to come out of this. It’s just a matter of time.” MadMoneyOnCNBC's JimCramer says he thinks Boeing’s stock will fall even farther as 737 Max grounding wears on.
shares fell Monday as the company is expected to soon decide whether to further cut or suspend production of the 737 Max as the timeline for the beleaguered plane's return to service slips into 2020.of the planes again or suspend its production line if the flight ban drags on longer than it expected. Boeing CEO Dennis Muilenburg has said that suspending output altogether could be "more efficient" than lowering output again.
"We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the Max," Boeing said in a statement Sunday night to CNBC. "We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction."by 20% from 52 to 42 aircraft a month in the wake of a second fatal crash of the best-selling plane within five months.
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