Boeing Stock Faces Turbulence As Delivery Issues MountKey Level to Watch [Video]

Shares in troubled airplane maker Boeing (BA) slipped more than 4% on Tuesday as a slowdown in production following a series of highly publicized safety incidents and manufacturing glitches continue to weigh on the company’s stock.

Recent announcements from leading airlines have put the spotlight on Boeing’s stalled plane deliveries. Low-cost carrier Southwest Airlines (LUV) said on Tuesday that it plans to slash flight capacity and review its earnings guidance due to lower-than-expected deliveries from the plane manufacturer. 

Perhaps more troubling for Boeing shareholders, United Airlines (UAL) CEO Scott Kirby told analysts at the JP Morgan Industrials Conference on Tuesday that the carrier is considering ordering rival Airbus (EADSY) A321neos to replace previously ordered Boeing 737 Max 10s due to certification uncertainty related to production and quality issues.

“As much as I would like those deliveries, this is not a 12-month issue,” Kirby said in relation to the airline’s …