What's Going On With Boeing Shares Wednesday?

Boeing Company BA shares are volatile Wednesday following reports the company has resumed production across its wide-body airplane programs. Here’s what you need to know.

What To Know: Boeing announced the resumption of wide-body airplane production at its Everett, Washington facility this week, according to Reuters.

The production restart comes after the company restarted production of the 737 MAX jetliner last week, about a month after the conclusion of a seven-week strike of 33,000 factory workers.

Boeing Commercial Airplanes CEO Stephanie Pope reportedly confirmed the production restart in a social media post on Tuesday and highlighted steps the company has taken to ensure employees are up to date on training and certifications.

“We have taken time to ensure all manufacturing teammates are current on training and certifications, while positioning inventory at the optimal levels for smooth production,” Pope said.

In November, Boeing delivered 13 commercial jets, a significant drop compared to the 56 deliveries in November, 2023. Deliveries were also lower than October's total of 14 jets, reflecting the impacts of production halts.

The Federal Aviation Administration (FAA) has placed a production cap on Boeing's 737 MAX program at 38 planes per month following safety concerns earlier in the year. The FAA has committed to heightened oversight as production resumes and is expected to meet with Boeing to discuss production in January.

“As we move forward, we will closely track our production health performance indicators and focus on delivering safe, high-quality airplanes on time to our customers,” Pope added.

BA Price Action: Boeing shares were up 0.51% at $174.03 at the time of writing, according to Benzinga Pro.

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Photo: courtesy of Boeing.