Why Shares of Boeing Are Down Today
Shares of Boeing (NYSE: BA) traded down nearly 5% on Thursday on signs that demand for wide-body aircraft could be falling. Sales of Boeing's wide-body 787 Dreamliner have helped cushion the company during the 737 MAX grounding, and Boeing can ill afford to see demand for one of its most important products fall off a cliff.
Boeing and rival Airbus (OTC: EADSY) enjoy bulging order books for their single-aisle, or narrow-body, 737 and A320 aircraft, but the market for wide-body aircraft -- planes with two aisles -- was shaky even before the COVID-19 coronavirus cut into travel demand. In recent days, there have been signs that the fall in demand for wide-bodies is accelerating.
Boeing's 787 Dreamliner in flight. Image source: Boeing.
Source Fool.com
