2008 record      

 

Boeing (BA - Get Report) shares are being grounded Tuesday, falling 1.5% to $348.41, after the company reported a 56% drop in May deliveries due in part to a decline in its formerly top-selling 737 MAX jets.

Boeing delivered 30 planes during the month, down from the 58 planes it delivered a year ago during the same period.

The plane has been blacklisted since a fatal Ethiopian Airlines crash in March, the second crash the plane experienced in a six-month period. All 157 passengers on board were killed in the crash. Since then, deliveries of the jet were stopped.

American Airlines (AAL) said that it was canceling 737 MAX jet flights through Labor Day, while United Airlines (UAL - Get Report) and Southwest Airlines (LUV - Get Report) have canceled flights using the jets at least through early August.

The tide may be turning on consumer sentiment about the jet, according to a new IBD/TIPP poll.

A survey that was conducted between May 30 and June 7 found that 61% of Americans are following the Boeing crisis closely vs 69% who reported following closely in the period between March 28 and April 6.

Of those following the news closely, 48% said they would avoid flying on the plane, that is down from 51% in the previous poll. Meanwhile 48% said they were likely to fly on the jet, up from 45% in the previous survey.

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