Boeing Co. is considering another cut in production of its 787 Dreamliner amid sluggish demand, people familiar with the matter say.
Boeing Co. is considering another cut in production of its marquee 787 Dreamliner jet as the aerospace giant contends with sluggish demand, people familiar with the matter said.
Boeing is grappling with slowing sales for wide-body aircraft in a market glutted with used models. The manufacturer has struggled to persuade airlines to accelerate deliveries to fill empty production slots, said one of the people, who asked not to be identified because the discussions are private. Boeing’s stock price fell 0.9% to $314.84 at 1:22 p.m. Eastern time, reversing earlier gains after Bloomberg News reported on the possible output cut. The stock is down 12% over the last 12 months, the second-worst performance in the Dow Jones industrial average.
A nascent thaw in trade tensions between the U.S. and China could weigh against reducing output of the Dreamliner, which can seat as many as 336 passengers. In a
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