Boeing Plunges 6% on Production & Cash Flow Concerns, J.B. Hunt Warns on Fuel Costs

Investing.com -- Boeing (NYSE: BA) shares fell 6% Wednesday after President and Chief Executive Officer Kelly Ortberg spoke at the Morgan Stanley Laguna Conference, where he outlined several challenges facing the aerospace manufacturer.

The stock declined as Ortberg revealed production constraints and revised cash flow expectations. The CEO stated that Boeing is not yet stable at its target rate of 47 aircraft per month on the 737 program, with wings production serving as a constraint to rampin

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A shipping giant’s stock is tumbling on worries that higher fuel prices are going to hit its bottom line.

Shares of J.B. Hunt (JBHT) were down nearly 13% in recent trading, leading decliners in the S&P 500 after executives warned higher driver and fuel-related costs are going to squeeze its results this quarter.

CFO Brad Delco said at a conference that “in light of these costs that are sort of hitting us, we are exp