Boeing Production Woes Lead to Fewer Planes, Potentially Raising Airfares and Slowing Economy
• Boeing's production issues could lead to fewer planes being available, resulting in higher airfares and pressure on the broader economy.
• Delivery delays may reduce the number of Boeing planes available to airlines, limiting capacity and keeping airfares high.
• Boeing slowing production of the 737 Max jets has already led to fewer flights being scheduled as airlines get fewer deliveries.
• Weaker demand for Boeing planes means fewer exports for the US, weighing on economic growth.
• As Boeing struggles, rival Airbus benefits, with airlines potentially switching more plane orders to the European manufacturer.