Boeing shares fell after the boss of Delta Air Lines said there was a glut of used aircraft coming off lease and up for sale.
According to Bloomberg, Delta chief executive Richard Anderson said there had been a surge of wide-body models up for grabs.
He claimed Delta was regularly offered Boeing’s 777-200 and Airbus’ A330-200.
“The aircraft market is going to be ripe for Delta over the course of the next 12 to 13 months,” he said. “Prices are going to get lower.”
Boeing’s share price fell after Anderson spoke yesterday by 4.3%, with investors apparently concerned that a surplus of used jets would put pressure on the pricing structures for new versions of the 777.