Boeing hit with new industrial setbacks as 737 Max crisis deepens

Boeing cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo, piling new pressures on a rejigged senior management team Wednesday as the continued safety grounding of its 737 MAX sliced Q3 profits. The planemaker also said it was delaying plans to step up production on its money-spinning 737 line in the Seattle area, and would not hit a record-level 57 aircraft monthly until late 2020, months later than previously planned. Despite the trio of industrial setbacks, Boeing shares were up 3.2% in morning trading as its steady estimate of a 737 MAX return in Q4 appeared to be eclipsing the downside of the 787 production cut and other problems, an analyst said. <br/>