Boeing considers halting or further cutting 737 Max production, WSJ reports
The timeline for the 737 Max's return has slipped repeatedly, creating uncertainty for airlines such as Southwest and American. The plane's grounding has cost the airlines hundreds of millions of dollars in revenue.
"We continue to work closely with the FAA and global regulators towards certification and the safe return to service of the MAX," Boeing told CNBC in statement Sunday. "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."
Boeing previously cut production in April by 20% from 52 aircraft a month to 42 a month in the wake of a second fatal crash in six months. Regulators around the world responded to those crashes by grounding the aircraft.that the company could further cut or suspend production if the delays get worse.
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