Boeing says large jet demand sluggish amid low fuel prices, geopolitical instability

Boeing’s commercial jet chief Sunday said geopolitical instability and continued lower fuel prices have caused a slowdown in large jetliner demand. Ray Conner, CE of Boeing’s commercial jetliner unit said that “we’ve got work to do this year” to bolster sales of the company’s most expensive and profitable airliners. Analysts and investors are closely watching the pace of order announcements at the biennial summer air show for signs of broader industry weakness. Conner cited uncertainty in Europe over the UKs vote to leave the EU, ongoing sanctions in Russia, an ailing Latin American economy, and violence and instability in the Middle East as adding doubt to future expansion plans for airlines. “I think people are in a wait-and-see type mode in terms of what they want to do,” said Conner.<br/>