Boeing Co. (NYSE:BA) shares dropped 8% on Monday and are now down more than 52% in the past year ahead of what will likely be another lackluster monthly delivery number expected out on Tuesday, June 14.
More Problems For Boeing: There is very little chance Boeing will report a strong May delivery number given the company was forced to pause 737 MAX production for 10 days due to supply chain disruptions, according to Bank of America analyst Ronald Epstein. Delivery of 737 MAX planes in inventory has taken longer than anticipated. Boeing had around 330 aircraft in inventory as of mid-May, but Epstein said it has taken about two months to prepare each aircraft for delivery. To make matters worse, about half of Boeing's MAX inventory is due to Chinese Airlines, and challenges on China's air traffic market could put those deliveries at risk.
