Boeing to Miss Key Production Target in 2024

Analysts Predict Shortfall in 737 MAX Jet Output

Industry Experts Express Concerns Over Boeing's Ambitious Goals

Boeing faces challenges in meeting its production targets for the 737 MAX jet in 2024, according to analysts at rating agencies Moody's and S&P.

Moody's lead analyst on Boeing, Jonathan Root, predicts the company will produce only 32 MAX jets per month by the end of 2024, falling short of the target of 42 jets per month.

Experts cite several factors contributing to the potential shortfall, including the ongoing shortage of essential parts and skilled labor. Boeing's reputation has also suffered following two fatal crashes involving the 737 MAX, leading to increased scrutiny from regulators.

The analysts emphasized that Boeing faces a significant challenge in regaining the trust of customers and regulators while simultaneously ramping up production.

Analysts express concern that Boeing may be overly ambitious in its production goals, and that the company may need to adjust its targets to avoid further delays and quality issues.

The news of Boeing's potential production shortfall is a setback for the company, which has been struggling to recover from the impact of the 737 MAX crisis. Investors and analysts will closely monitor the situation as Boeing navigates these challenges in the coming months.