Boeing Falls Most Since 2001 After Predicting Jet-Delivery Drop
- Planemaker sees aircraft handovers dropping from 2015 record
- Market saturation and sluggish economic growth loom as risks
Why Boeing Is Seeing a Drop in Jet Deliveries
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Boeing Co. fell the most in 14 years after its forecast for declining jetliner deliveries and less-than-expected profit caught analysts off guard and stoked concerns that demand for new planes is waning amid global economic turmoil.
The company was the worst performer among the 30 members of the Dow Jones Industrial Average even though its fourth-quarter profit exceeded estimates by a wide berth. The stock plunged 8.9 percent to $116.58 at the close in New York, the steepest decline since October 2001.